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Suppose you deposit $2,500 in a savings account that pays you 5% interest per year. a. How many years will it take for you to double your money? b. How many years will it take f…

Suppose you deposit $2,500 in a savings account that pays you 5% interest per year. a. How many years will it take for you to double your money? b. How many years will it take f…
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5 votes
Suppose you deposit $2,500 in a savings account that pays you 5% interest per year.

a. How many years will it take for you to double your money?

b. How many years will it take for your account to reach $8,000?

User Spacecoyote
by
8.3k points

1 Answer

4 votes

Answer:A=4 Years B=6 years

Explanation:

User TheEwook
by
8.8k points
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