Respuesta :
Therefore ,it will take 16.67 year .
Step-by-step explanation:est $ 6800
Samantha wants to invest $ 6800 in a saving account that pays 6% simple interest .
Let it will be take x year
Principle =$6800
Interest = $ 6800
Rate of interest = 6%
Time = x(let)
According To Problem
6800=[tex]\frac{6800\times x\times 6}{100}[/tex]
⇔x = [tex]\frac{100}{6}[/tex] = 16.67 year
Therefore ,it will take 16.67 year .
Answer:
16.67 years.
Step-by-step explanation:
Samantha wants to invest $6800 in a savings account that pays 6% simple interest.
Let after y years the amount will be double in value.
So, using the formula of simple interest we can write
[tex]2 \times 6800 = 6800(1 + \frac{6\times y}{100})[/tex]
⇒ [tex]2 = 1 + \frac{6y}{100}[/tex]
⇒ 6y = 100
⇒ y = 16.67 years.
Therefore, after 16.67 years the amount will become double in value. (Answer)
