ashes2dust ashes2dust

28-02-2021
Mathematics

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Answer with work shown will get Brainliest!

How long will it take $700 to triple itself at 5% simple interest?

Respuesta :

SamikshyaBasnet SamikshyaBasnet

28-02-2021

Answer:

You can put this solution

$700*3=$2100

gain is 2100-700=1400 which is interest

remember I=PRT

1400=700*.10*T

2=.5 *T

T=20 yrs

check

A=P+Prt

2100=700 +700*.5*20=2100,,,ok

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tareonware112847 tareonware112847

28-02-2021

Exactly what the other answer stated so $2100

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