You have $3000 to invest in a simple interest investment. your goal is to have $6000. the best rate you can find is 4.2%. how many years will it take your investment to have a balance of $6000? round to the the tenths place

It will take 23 years and 10 months (23.8) approximately to have US$ 6,000 in this investment.

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Initial principal = US$ 3,000  

Final amount = US$ 6,000  

Interest rate = 4.2% simple interest = 0.042  

2. How many years will it take your investment to have a balance of $6000?

Let's recall that the formula of the simple interest is:  

Final amount = Initial principal * (1 + Interest rate * Time in years)  

Replacing with the real values, we have:  

6,000 = 3,000 * (1 + 0.042 * Time in Years)  

(1 + 0.042 * Time in Years) = 6,000/3,000  

(1 + 0.042 * Time in Years) = 2  

0.042 * Time in Years = 2 - 1  

0.042 Time in Years = 1  

Time in Years = 1/0.042 = 23.8 (Rounding to the the tenths place)  

It will take 23 years and 10 months (23.8) approximately to have US$ 6,000 in this investment.

in mathematics, a constraint is a condition of an optimization problem that the solution must satisfy. there are several types of constraints—primarily equality constraints, inequality constraints, and integer constraints. the set of candidate solutions that satisfy all constraints is called the feasible set.

hoped i'm right lol

step-by-step explanation:

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