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How long does it take $450 to double at a simple interest rate of 100%

How long does it take $450 to double at a simple interest rate of 100%
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1 vote
How long does it take $450 to double at a simple interest rate of 100%

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User Gruner
by
7.5k points

1 Answer

1 vote

450 + 450 = 900

pnr/100 = 900

(450)(n)(100)/100 = 900

n = 900/ (450 × 100)/100

n = 2 yrs

answered
User Bhollis
by
8.2k points
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