menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
If you deposit $500 in an account that is paying 4% simple interest, how long will it take (to the nearest year) for your account to double in value?
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
If you deposit $500 in an account that is paying 4% simple interest, how long will it take (to the nearest year) for your account to double in value?
asked
Jun 18, 2019
29.5k
views
1
vote
If you deposit $500 in an account that is paying 4% simple interest, how long will it take (to the nearest year) for your account to double in value?
Business
high-school
John Joseph
asked
by
John Joseph
8.0k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
7
votes
With $500.00 account paying 4% interest in a year, it would take 25 years to double the money. Yearly interest is at $20.00.
Garrett McCullough
answered
Jun 23, 2019
by
Garrett McCullough
8.6k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
No related questions found
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Identify the advantages and disadvantages of a command economy.
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org