Question

Luis visits his local bank to see how long it takes for $1000 to amount to $1900 at a simple interest rate of 12 1/2% how long will it take in Years? and how long will it take in months

Name: luis visits his local bank to see how long it takes for 1000 to amount to 1900 at a simple interest rate of 12 12 how long will it take in years and how long will it take in months 72538
Uploaded: 2023-07-22T12:39:47-08:00
Duration: 3 min 3 s
Channel: Adi S
Description: luis visits his local bank to see how long it takes for 1000 to amount to 1900 at a simple interest rate of 12 12 how long will it take in years and how long will it take in months 72538

          Luis visits his local bank to see how long it takes for $1000 to amount to $1900 at a simple interest rate of 12 1/2%  how long will it take in Years? and how long will it take in months

Added by Bryan P.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Adi S

07/22/2023

Step 1

The interest rate is 12 1/2%, which is equivalent to 12.5% or 0.125 as a decimal. Show more…

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Luis visits his local bank to see how long it takes for $1000 to amount to $1900 at a simple interest rate of 12 1/2% how long will it take in Years? and how long will it take in months