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How many years will it take for $3,000 to double at a simple interest rate of 2%? A. 2 years B. 5 years C. 10 years D. 50 years ​

How many years will it take for $3,000 to double at a simple interest rate of 2%? A. 2 years B. 5 years C. 10 years D. 50 years ​
asked 182k views
2 votes
How many years will it take for $3,000 to double at a simple interest rate of 2%?

A. 2 years
B. 5 years
C. 10 years
D. 50 years
​

asked
User Chris Stewart
by
7.7k points

2 Answers

4 votes
D because it makes sense you can’t double 3 dollars in 2 years with only 2 years
answered
User Robertwest
by
8.8k points
12 votes

Answer:

3000=3000*0.02t

3000/60=t

t=50 yrs

Explanation:

answered
User Statue
by
8.5k points
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