GuideFoot - Learn Together, Grow Smarter. Logo

In Mathematics / High School | 2014-11-14

Suppose the term of an investment at simple interest is doubled. Does the interest received double?

Asked by Anonymous

Answer (2)

In the case of simple interest, if the term of an investment is doubled, the interest received will also double. This is due to the proportionate relation between time and interest in the simple interest formula. ;

Answered by MonteBlue | 2024-06-18

If the term of an investment at simple interest is doubled, the interest received will also double. This is governed by the simple interest formula, showing a direct relationship between time and interest earned. Therefore, doubling the investment time results in a proportional increase in interest earned.
;

Answered by MonteBlue | 2024-09-11

Related Questions in Mathematics

📝 Answered - Select the correct answer. Which equation is equivalent to the given equation? [tex]$x^2-6 x=8$[/tex] A. [tex]$(x-6)^2=44$[/tex] B. [tex]$(x-3)^2=17$[/tex] C. [tex]$(x-6)^2=20$[/tex] D. [tex]$(x-3)^2=14$[/tex]

📝 Answered - Which phrase best describes the translation from the graph [tex]y=6 x^2[/tex] to the graph of [tex]y=6(x+1)^2[/tex]? A. 6 units left B. 6 units right C. 1 unit left D. 1 unit right

📝 Answered - What expression is equivalent to [tex]$\left(5 z^2+3 z+2\right)^2$[/tex] ? A. [tex]$5 z^4+3 z^2+4$[/tex] B. [tex]$5 z^4+9 z^2+4$[/tex] C. [tex]$25 z^4+30 z^3+19 z^2+12 z+4$[/tex] D. [tex]$25 z^4+30 z^3+29 z^2+12 z+4$[/tex]

📝 Answered - The graph of [tex]y=\frac{5}{4} x+1[/tex] is shown below. The coordinate ([tex]0, y[/tex]) is a solution of the equation. Given the [tex]x[/tex]-value of 0, what is the value of the [tex]y[/tex]-coordinate for the coordinate ([tex]0, y[/tex])? [tex]y=[/tex] [blank]

📝 Answered - If [tex]f(-2)=0[/tex], what are all the factors of the function [tex]f(x)=x^3-2 x^2-68 x-120[/tex]? Use the Remainder Theorem. A. [tex](x+2)(x+60)[/tex] B. [tex](x-2)(x-60)[/tex] C. [tex](x-10)(x+2)(x+6)[/tex] D. [tex](x+10)(x-2)(x-6)[/tex]