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How many years does it take an account with a principal of $400 and an annual simple interest of 2% to double?

User NumeroUno
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2 Answers

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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.
User Barbared
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8 votes
I got you add 2% to 400 and there ur answer
User DDiamond
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