Bailey decided she wanted to save money to go towards her college fund. Her grandparent gave her $1000 to invest at 5% simple annual interest. How many years will it take her to double her initial investment?

Bailey decided she wanted to save money to go towards her college fund. Her grandparent gave her $1000 to invest at 5% simple annual interest. How many years will it take her to double her initial investment?

A : 5 years
B : 10 years
C : 15 years
D : 20 years

Please help me on this one.

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Bailey decided she wanted to save money to go towards her college fund. Her grandparent gave her $1000 to invest at 5% simple annual interest. How many years will it take her to…

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