Ask a New Question

Kimberly borrows 1000 dollars from Lucy,who charged interest of 5% per month ( which compounds monthly). What is the least integer number of months after which Kimberly will owe more than twice as much as she borrowed?

2 answers

18

The correct answer is 15

Ask a New Question or answer this question.

Similar Questions

Kimberly borrows 1000 dollars from Lucy,who charged interest of 5% per month ( which compounds monthly). What is the least
1. 1 answer
how long it would take to pay off a credit card balance of $1000 if you pay the minimum of $35 a month at a flat yearly interest
1. 0 answers
At the beginning of the month, Kimberly had $65.78. Since then, she has received three payments of $32.50 from her babysitting
1. 2 answers
Grace needs to buy textbooks for her first semester in college. She borrows $660 and must pay the money back in equal amounts
1. 1 answer

more similar questions