327,230 views
4 votes
4 votes
Compare the number of years it will take to double money at 5% interest, with simple interest and compounded annually. What is the difference in the number of years? (Round your answer to the nearest tenth, if necessary)​

User Ctn
by
2.8k points

1 Answer

20 votes
20 votes

Answer:

unforntuley i dont know how to solve

Explanation:

Simple interest means that you pay 1000000 bucks to the bank so the final answer is

gET LOst

User Rodolfo Paranhos
by
3.1k points