Let's say the APR is 5%. That means you get 5% of your balance back every year. The $100 balance would get $5 back, the $500 balance would get $25 back, and the $1000 balance would get $50 back. Therefore, all of the balances would take the same amount of time to double, and it would take all of them 20 years.
$5*20 years=$100
$25*20 years=$500
$50*20 years=$1000
Answer:
Step-by-step explanation:
(103,581) • (%110)
= (103,581) • (1.10)
= $113,939.1
2,2,6,7,9,11,14
And the Median is 7
