Question

if you earn 8% per year on your bank account, how long will it take for an account with $115 to double to $230?

Answer 1

3

Step-by-step explanation:

Step 1: 115×0.8=92

Step 2: 230÷92=2.5

Step 3: If the number after the decimal point is 5 or more you round the decimal to the nearest whole number.

Step 4: Answer = 3