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A GIC pays 6% per annum. How long would it take $3000 to grow to $6000? (3 marks)

A GIC pays 6% per annum. How long would it take $3000 to grow to $6000? (3 marks)
asked 27.0k views
16 votes
A GIC pays 6% per annum. How long would it take $3000
to grow to $6000? (3 marks)

asked
User TheZanke
by
8.6k points

1 Answer

10 votes

Answer:

180 weeks you have to convert the percentage to a decimal and multiple it to 3000

answered
User Spedwards
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8.2k points
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