Register

You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen…

You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen…
asked 67.8k views
4 votes
You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen?

asked
User Nishantha
by
7.7k points

2 Answers

5 votes

Answer:

12.5

Explanation:

answered
User Dan Sabin
by
8.6k points
3 votes

Answer:

12.5

Explanation:

100 ÷ 8 = 12.5, so it'll take 12.5 years to double

answered
User Dan Rigby
by
9.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!