Ellie wants to double her savings of $5000 by investing her money for 20 years. What interest rate does she need to look for? Give your answer to 1 d.p.

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Green Ho asked Jan 10, 2022

257,664 views

9 votes

Ellie wants to double her savings

of $5000 by investing her money
for 20 years.
What interest rate does
she need to look for?
Give your answer to 1 d.p.

Mathematics
high-school

Green Ho asked Jan 10, 2022

by Green Ho

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1 Answer

7 votes

Answer:

She will get more money than what she will get in the question

Mikegrb answered Jan 16, 2022

by Mikegrb

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