SOLUTION: Sam has a savings account that pays an interest rate of 11%, and he wants to know how long it will take for his deposit to double
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: Sam has a savings account that pays an interest rate of 11%, and he wants to know how long it will take for his deposit to double
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 1092616
:
Sam has a savings account that pays an interest rate of 11%, and he wants to know how long it will take for his deposit to double
Answer by
addingup(3677)
(
Show Source
):
You can
put this solution on YOUR website!
simple interest? Conmpound interest? If so, how often does it compound?