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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,
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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 Rshimoda
by
8.3k points

1 Answer

3 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 Nyein Chan
by
8.3k points
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