Asked by Eye Clinic

Calculate the length of time for $400 to earn $160 if invested at 8% per annum, thank you in advance.
Answered by oobleck
You want t such that
compound interest: 400(1.08^t - 1) = 160
simple interest: 400*.08t = 160
Answered by Anonymous
i dont know how to look into this question its ver hard
There are no AI answers yet. The ability to request AI answers is coming soon!