Question

Investment account 1 starts with a balance of $800 and increases s by $100 each year.

Investment account 2 starts with a balance of $100 and doubles every two years.

How long does it take for each account to double?

Answer 1

Answer: For Investment account 1, it increases by $100 every year. To double the initial amount, it would take 800/100 = 8 years.

For Investment account 2, it doubles every two years. Therefore, it will take 2 years for the account to double.

Explanation: