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If you invest $2000 at a rate of 8% per year, how many years will it take to earn at least $1000 in interest?

If you invest $2000 at a rate of 8% per year, how many years will it take to earn at least $1000 in interest?
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8 votes
If you invest $2000 at a rate of 8% per year, how many years will it take to earn at least $1000 in interest?

User Lloeki
by
7.4k points

1 Answer

14 votes

Answer:

around year 5ish or early 6 year

Explanation:

User Tomas Di Domenico
by
8.1k points
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