Question
At a simple interest rate of 14% per year, determine how long will it take $17,500 to increase to 3 times as much. Compare the
At a simple interest rate of 14% per year, determine how long will it take $17,500 to increase to 3 times as much. Compare the time it will take to double if the rate is 20% per year simple interest.
How does the math for this work???? Please make your explanation easy enough for a five year old to understand!
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
