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?
|
7 years
|
|
60 years
|
|
25 years
|
|
27 years
|
Explanation:
There is 1 question to complete.