Mathematics, 06.03.2021 07:00, smagallanes

Algebraically manipulating the formula FV = P +Prt, find the simple interest rate it would take to double (2 times) the initial deposit of $7,000 for 8 years
10%
11%
12.5%
9.5%
None of these choices are correct

Answers: 3

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Algebraically manipulating the formula FV = P +Prt, find the simple interest rate it would take to d...