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Ellie wants to double her savings of $5000 by investing her money for 20 years. What interest rate does she need to look for? Give your answer to 1 d.p.

Ellie wants to double her savings of $5000 by investing her money for 20 years. What interest rate does she need to look for? Give your answer to 1 d.p.
asked 137k views
5 votes
Ellie wants to double her savings

of $5000 by investing her money
for 20 years.
What interest rate does
she need to look for?
Give your answer to 1 d.p.

asked
User Digicrat
by
7.4k points

1 Answer

5 votes

Answer:

She will get more money than what she will get in the question

answered
User John La Rooy
by
7.7k points
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