Question

I need help! This problem is simple interest. How many years will it take for $8,000 to double at a simple interest rate of 6%?

Answer 1

well what is 8,000 * .06?

Answer 2

480

Answer 3

how many years if it gained 480 every year would it take to reach 8,000? so basically 480x=8000 solve for x

Answer 4

Okay

Answer 5

so 8000/480=

Answer 6

have to make u do math so you learn lol

Answer 7

16.67. So Basically it will be 16.6 years right?

Answer 8

yes! but if you wanted to round to a simple year it would be 17 years but my guess for your question would be 16.7 years because you always round the decimal up if it more than 4 :)

Answer 9

Thank YOU!!

Answer 10

NP it what I do lol need anything else?

Answer 11

Not as of now. Can I Notify you if I have any other questions?

Answer 12

sure but I may be offline :( I'm about to get off now that why I asked lol but yeah feel free though I may not answer right away :)

Answer 13

Okay. Thanks again.

Answer 14

Like I said NP bye

Answer 15

147 can u help me later