SOLUTION: How long would $100,000 take to double at a simple interest rate of 8%?
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Question 799359: How long would $100,000 take to double at a simple interest rate of 8%?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Multiply 100,000 times 0.08 to get the amount earned each year. Divide the result into 100,000 to get the number of years required to earn 100K in interest.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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