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DerKrebs [107]
3 years ago
12

Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?

Business
1 answer:
dusya [7]3 years ago
6 0
It will take her 50 months if the interest grows every months. Here's the reason why:
=> in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
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The difference in income between Cameron and Mateo is <u>$500,000</u>.

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Therefore, the difference in income between Cameron and Mateo is <u>$500,000</u>.

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