document.write( "Question 1196016: If a simple discount rate of 11% is equivalent to a simple interest rate of 14.5%. Then what is the length of time under consideration? \n" ); document.write( "

Algebra.Com's Answer #828686 by josgarithmetic(39620) $\"\"$ $\"About$

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p, amount of start money for comparing
\n" ); document.write( "x, number of years for the simple interest which the \"p\" earns\r
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\n" ); document.write( "\n" ); document.write( " $\"p-0.11p=0.145%2Ax%2Ap\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"1-0.11=0.145x\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"x=0.89%2F0.145\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"x=6.14\"$ \r
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\n" ); document.write( "\n" ); document.write( "Assuming YEARLY rate of simple interest, nearest to 6 years. \n" ); document.write( "

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