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Abby earned $600 this past summer babysitting. She decided to put this money in a bank that earns a 5% simple interest rate. How many years will it take to double her initial deposit? A) 10 years B) 12
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3 votes
Abby earned $600 this past

summer babysitting. She decided
to put this money in a bank that
earns a 5% simple interest rate.
How many years will it take to
double her initial deposit?
A) 10 years
B) 12 years
C) 15 years
D) 18 years
E) 20 years​

User Guillermo Maschwitz
by
6.1k points

2 Answers

6 votes

Answer: B: 12 years

Explanation:

User Mnwsmit
by
6.2k points
3 votes
12 yearssssssssssssssssssssssss
User DrewEaster
by
5.6k points
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