How many years will it take for $3,000 to double at a simple interest rate of 2%? A. 2 years B. 5 years C. 10 years D. 50 years

asked Aug 28, 2022 182k views

2 votes

How many years will it take for $3,000 to double at a simple interest rate of 2%?

A. 2 years
B. 5 years
C. 10 years
D. 50 years

7.7k points

Please log in or register to add a comment.

4 votes

D because it makes sense you can’t double 3 dollars in 2 years with only 2 years

Robertwest answered Aug 30, 2022

8.6k points

12 votes

Answer:

3000=3000*0.02t

3000/60=t

t=50 yrs

Explanation:

Statue answered Sep 4, 2022

8.4k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.9m answers