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

What was Kant’s new maker of truth?
Psychoneurimmunology is the study of which of the following?​
Write a quadratic function in the standard form who’s graph satisfies the given conditions 1. Passes through (-5,0), (1,0), and (4,0)
Please please help me
What is the next step in the scientific method, following forming a hypothesis?
Which type of sentence makes a statement? A. declarative sentence B. interrogative sentence C. imperative sentence D. exclamatory sentence Reset
What traits and behaviors should an ethical saleperson possess
Suppose that a restaurant chain claims that its bottles of ketchup contain 24 ounces of ketchup on average, with a standard deviation of 0.4 ounces. If you took
A metal has a mass of 8.7 grams and a volume of 3.2mL is it metal gold ?
What is the goal of many immigrants who come to the United States? Apex