kapnossologynetics
kapnossologynetics kapnossologynetics
  • 16-01-2021
  • Mathematics
contestada

How many years does it take an account with a principal of $400 and an annual simple interest of 2% to double?

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bigboy58 bigboy58
  • 16-01-2021
I got you add 2% to 400 and there ur answer
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weloveliberty weloveliberty
  • 16-01-2021
With $400.00 account paying 2% interest in a year, it would take 25 years to double the money. Yearly interest is at $20.00.
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