SOLUTION: After what time will the interest on a certain sum of money at 10% per annum be half of the initial amount?
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: After what time will the interest on a certain sum of money at 10% per annum be half of the initial amount?
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 238107
:
After what time will the interest on a certain sum of money at 10% per annum be half of the initial amount?
Answer by
solver91311(24713)
(
Show Source
):
You can
put this solution on YOUR website!
Impossible to tell. It could be tomorrow, or it could be never. It depends on the rate at which the money is repaid. Tell us the whole problem and perhaps we can help.
John