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You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen…

You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen…
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4 votes
You have been assigned the job of doubling an investment by putting it in an account that earns 8% simple interest annually. About how many years will it take for this to happen?

User Nishantha
by
7.7k points

2 Answers

5 votes

Answer:

12.5

Explanation:

User Dan Sabin
by
8.6k points
3 votes

Answer:

12.5

Explanation:

100 ÷ 8 = 12.5, so it'll take 12.5 years to double

User Dan Rigby
by
9.2k points
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