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Juliette [100K]

3 years ago

15

The Petersons deposited $1,000 in an account that earns 2% annual simple interest. How many years will it take the amount in the

account to double?

1 answer:

Svetlanka [38]3 years ago

7 0

Each year it will gain $10 so it will take 50 years.

1,000 × .02 = 20
1,000 ÷ 20 = 50

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