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

A town is planning a playground. It wants to fence in a rectangular space using an existing wall. What is the greatest area it can fence in using 100 feet of do
Multiply. The question is in the picture.
A school has 7 buses. Each bus has 40 seat. Filling in the missing number to find the total number of seat on the 7 buses 7*40=7 group of ______ten 7 groups of
find the area of the trapeziod 25 ft 20 ft 15 ft
How would u solve for this
Answer plz I will give brainiest for the first to answer correctly.
*A 0.145 kg baseball reaches a speed of 36 m/s from rest when a bat strikes. If the average force of 500 N was applied on the ball by the bat, what is the impac
Why does your upper body keep moving when you stop running
Select all the items that describe kinds of externalities Secondhand smoke Air pollution from trucks Unclean water from fertilizers Spillovers from medical r
What is a static visual in art