Register

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 ​

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 ​
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
​

User Chris Stewart
by
7.7k points

2 Answers

4 votes
D because it makes sense you can’t double 3 dollars in 2 years with only 2 years
User Robertwest
by
8.8k points
12 votes

Answer:

3000=3000*0.02t

3000/60=t

t=50 yrs

Explanation:

User Statue
by
8.5k points
← 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

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!