Question
52. An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns a fixed annual interest rate,
52. An account was opened with $1,000 three years ago. Today, the account balance is $1,157.63. If the account earns a fixed annual interest rate, how long will it take until the account has earned a total of $225 in simple interest?
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Entrepreneurial Finance
Authors: Chris LeachJ LeachRonald Melicher
3rd Edition
0324561253, 9780324561258
