This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 7.5%. At the end of t years, Alice’s investment will have doubled. Determine t. (Note: t does not need to be an integer.) 16. Taylor lends Nick 1000 at a simple interest rate of 20%. What will be the effective interest rate on the loan during year 10. 17. Emily invests 1000 at a simple rate of interest S. Emily will earn an effective rate of interest of 2% in the 31st year of her investment. How much will Emily have at the end of 40 years? 18. Rawan invests in fund earning simple interest of 10%. Her effective interest rate for the nth year (in) is 5%. Calculate n. Answer: 11. a.75 b. 75 c.3000 12. 6% 13. 10% 14. 20,210 15. 13.3333 16. 7.1429% 17. 3000 18. 11...
View
Full Document
 Spring '08
 Staff
 Math, Interest, Emily, Tori, Katie Rose

Click to edit the document details