iuliiagusar32 iuliiagusar32
  • 04-03-2019
  • Mathematics
contestada

How many years will it take for $2000 to double at a simple annual interest rate of 8%?

Respuesta :

ummuahmad
ummuahmad ummuahmad
  • 25-07-2021

Answer:

9 years

Step-by-step explanation:

The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years

Answer Link

Otras preguntas

List all integers between -0.6 and 4.17 THANK U
I just need the equation on how to do it. I'm so lost :'( help please!!!!!!
When MgCO3(s) is strongly heated, it produces solid MgO as gaseous CO2 is driven off.Does the oxidation number of carbon change upon the formation of CO2?
How would you define psychological realism?
Hey, need some help reverent A. respectful B. respect C. reply D. to spoil
You would expect a phosphorous-chlorine bond to be 1. nonpolar, with the neither end having a partial charge. 2. polar, with neither end having a partial charge
which foods earthworms can digest?
what does como eres tu mean in spanish?
which foods earthworms can digest?
find the amplitude, period, and phase shift of the function defined by: y=3-2cos(3x+pi)