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Approximately how many years would it take for an investment of $1,000 to grow to $1,500 with a simple interest rate of 8%?

Approximately how many years would it take for an investment of $1,000 to grow to $1,500 with a simple interest rate of 8%?
89.3k views
8 votes
Approximately how many

years would it take for an
investment of $1,000 to grow
to $1,500 with a simple
interest rate of 8%?

User Fbrandel
by
7.4k points

1 Answer

5 votes
Approximately 5 to 6 years.
User Bradly Spicer
by
7.2k points
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