Question

If Paul invests 10,000 at a 9% interest rate how many years will it take for the investment to grow to $20,000

A. 8 years
B. 10 years
C. 20 years

Answer 1

A.8years

Step-by-step explanation:

Assuming it compounds,

$20000=$10000(1+9/100)^t

t=8.04years≈8years

Answer 2

b is the correct and