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Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?

User Sapatos
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1 Answer

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It will take her 50 months if the interest grows every months. Here's the reason why:
=> in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
User Klein
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