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

please fill in the box 2.5 / 3
How are the thief and the innkeepers daughter alike? A. Both try to steal something from the prince. B. Both end up with gold belonging to the prince. C.
pls help ill give brainliest if you're correct:)​
Which of the following is a difference of cubes?
1. Evaluate if w = 10 and r= 3. 9w - 2r
Which of the following is a lab safety rule? a. You may drink but not cat in the lab. b. You should tie back your hair if it is long, c. You may wear sandals b
HELP PLZ Why is it so critical to respond to a stroke quickly? How can a quick response help mitigate the damage?
what is the order of succession to the presidency
Please help me before I pull my hair out. Select the correct compound. Reactants undergo chemical reaction to form products. This chemical equation represents
who is the bloodiest dictator ever?​