ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Traninvests $15, 000 in a savings account that pays 4% simple interest. About how many years will it take for theaccount to double at this interest rate?
A
7 years
B
60 years
C
25 years
D
27 years
Explanation: 
There is 1 question to complete.