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


   



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) About Me  (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