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Edward opens up a savings account with $250. The bank gives him an interest rate of 2.8% per year (simple interest). About long will it take for Edward to double his money?
(SHOW WORK!!)

Equation:________________

Answer:_________________​

Answers

Answer 1

Step-by-step explanation:

The interest I per t years is 2.8% of invested amount P

I = Prt

Let the interest amount is same as invested amount, then our equation is

P = Prt or1 = rt or1 = 0.028t           2.8% converted to 0.0028

Find the value of t

t = 1/0.028t = 35.71 or roughly 36 years
Answer 2

Answer:

Equation:  250(1 + 0.028t) = 500

Answer:  36 years

Step-by-step explanation:

Simple interest formula

A = P(1 + rt)

where:

A = final amountP = principalr = interest rate (in decimal form)t = time (in years)

Given:

A = double $250 = $500P = $250r = 2.8% = 0.028

Substitute given values into the formula and solve for t:

250(1 + 0.028t) = 500

⇒ 250 +7t = 500

⇒ 7t = 250

⇒ t = 250/7

⇒ t = 35.71428571...

So it will take approximately 36 years for Edward to double his money.


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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Answer:

Step-by-step explanation:

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Response

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Answer:

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Answers

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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:


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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

Hey there!

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Answers

Answer:

Step-by-step explanation:

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Answers

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

Step-by-step explanation:

Answer: 5.5

Expand 26.4/4.8 by multiplying both numerator and the denominator by 10.

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Reduce the fraction 264/48​ to lowest terms by extracting and canceling out 24.

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hope this helps.

Mark me brainliest as well please.

Answer:

i know i said it in the text but it's 5.5

Step-by-step explanation:

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Answers

Step-by-step explanation:

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I attached the picture

Answer:

NOT D graph 4

Step-by-step explanation:

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