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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asked Oct 15, 2022 137k views

5 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

Digicrat asked

by Digicrat

7.4k points

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1 Answer

5 votes

Answer:

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

John La Rooy answered Oct 19, 2022

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1 Answer

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