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Currently, the US interest rate is at 2% annually. how long it will take an investor to make 10% of money from an investment if the bank pays simple interest

Currently, the US interest rate is at 2% annually. how long it will take an investor to make 10% of money from an investment if the bank pays simple interest
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currently, the US interest rate is at 2% annually. how long it will take an investor to make 10% of money from an investment if the bank pays simple interest

User Jens Madsen
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8.7k points

1 Answer

5 votes

Answer:

5 years

Explanation:

User Peter Reshetin
by
8.5k points
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