Business Studies, asked by raquelrib, 10 months ago

How long would it take Belinda's $800 investment to double in value if she has a bond with a 8.75% interest rate?

Answers

Answered by prashant12330

3

Answer:

every year she gets 0.0875*800 = 70

70 x = 800

x = 80/7 = 11.43 years so almost 12 years

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