Suppose you invest $400 into a saving account that earns 20% and is compounded monthly. Approximately how long will it take to double your investment?

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asked Nov 28, 2021 141k views

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Suppose you invest $400 into a saving account that earns 20% and is compounded monthly. Approximately how long will it take to double your investment?

Mathematics
high-school

Rambou asked

by Rambou

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4 votes

Answer:

5 months! I hope this helped!

Explanation:

Euronion answered Dec 4, 2021

by Euronion

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