SOLUTION: How long must any amount of money be invested for. In order for it to double the interest rate of 8.5 p.a simple interest (answer in years and months) .
Please help me wit this
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Question 909863: How long must any amount of money be invested for. In order for it to double the interest rate of 8.5 p.a simple interest (answer in years and months) .
Please help me wit this problem I have did it but I'm not sure with my answer
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
2P = P(.085n)
2 = .085n
2/.085 = n
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