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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