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Similar Question 1

<p>Lena invests <code class='latex inline'>\$5200</code> at <code class='latex inline'>3\%/a</code> simple interest, while her friend Dan invests <code class='latex inline'>\$3600</code> at <code class='latex inline'>5\%/a</code> simple interest. </p><p>How long will it take for Dan's investment to be worth more than Lena's?</p>

Similar Question 2

<p>Tammie took out a loan for <code class='latex inline'>\$940</code> at an annual rate of <code class='latex inline'>11.5\%</code> simple interest. When she repaid the loan, the amount was <code class='latex inline'>\$1100</code>. How long did Tammie hold this loan?</p>

Similar Question 3

<img src="/qimages/851" /><p><strong>(a)</strong> Develop a linear model to represent the amount in the GIC versus time.</p><p><strong>(b)</strong> Explain why the model from part (a) is a partial variation. Identify the fixed part and the variable part.</p><p><strong>(c)</strong> How long will it take, to the nearest month of this investment to double from its install value?</p>

Similar Questions

Learning Path

L1
Quick Intro to Factoring Trinomial with Leading a

L2
Introduction to Factoring ax^2+bx+c

L3
Factoring ax^2+bx+c, ex1

Now You Try

<p>Matthew invests <code class='latex inline'>\$850</code> at <code class='latex inline'>7\%/a</code> simple interest. How long will he have to leave his investment in the bank before earning <code class='latex inline'>\$200</code> in interest?</p>

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