document.write( "Question 775573: Hello, may you please help me on the following problem? And maybe show work so i can understand please if you can?\r
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document.write( "Bok Lum Cham us going to invest $1000 at simple interest 9%. How long will it take for the investment to be worth $1090?\r
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document.write( "Thank you! \n" );
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Algebra.Com's Answer #472980 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! The formula is: \n" ); document.write( "( simple interest earned ) = ( principle ) x ( rate ) x ( time ) \n" ); document.write( "Each year you keep the investment, you make \n" ); document.write( "a 9% return on the principle \n" ); document.write( "Let \n" ); document.write( "Simple interest earned = \n" ); document.write( "-------------- \n" ); document.write( "When the investment is worth $1090, $90 in interest \n" ); document.write( "has been accumulated \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "It will take 1 year for investment to be \n" ); document.write( "worth $10980\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |