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If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double? a. 72 years b. 36 years c. 18 years d. 2 years e. I…

If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double? a. 72 years b. 36 years c. 18 years d. 2 years e. I…
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1 vote
If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double?

a. 72 years
b. 36 years
c. 18 years
d. 2 years
e. It is impossible to determine with the information given.

User Dirk Horsten
by
8.5k points

2 Answers

2 votes
d. 2 years because it’s the only close answer that matches.
User Itamar Mushkin
by
8.6k points
2 votes

Answer:

D

Step-by-step explanation:

User Cjdcordeiro
by
7.9k points
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