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Investment account 1 starts with a balance of $800 and increases s by $100 each year. Investment account 2 starts with a balance of $100 and doubles every two years. How long does it take for each account
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Investment account 1 starts with a balance of $800 and increases s by $100 each year.

Investment account 2 starts with a balance of $100 and doubles every two years.

How long does it take for each account to double?

User Superigno
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1 Answer

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Answer: For Investment account 1, it increases by $100 every year. To double the initial amount, it would take 800/100 = 8 years.

For Investment account 2, it doubles every two years. Therefore, it will take 2 years for the account to double.

Explanation:

User Fraser Crosbie
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