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

Need answer ASAP! Plsss!!!
The Central Bank determines America's? a fiscal policy monetary policy Ob ос taxes Od federal reserve
Select the correct answer. Which of the following is not a martial art? A. Kung Fu B. Aikido C. Billiards D. Muay Thai
Read the excerpt from “How I Learned English.” Someone said “shin” again, There was a wild stamping of hands on the ground, A kicking of feet, and the fit Of la
IF YOU ANSWER CORRECTLY U WILL RECIVE BRAINLEIST AND 10 pts! AsAp! thank youuu u will make my day by answering CoRrEcTlY!
Zoroastrianism believed in an afterlife similar to Christianity and Judaism. True False
can someone help me out? :P (serious answers only)
which expession is equivalent to negative 2 1/4 over nagative 2/3​
This road sign means O road work ahead vehicle breakdown O service stations O construction zone has ended
Use the following statement to answer the question