Principal money deposited by Diego into the savings account = $4200 Final amount of money taht Diego will get = (4200 * 2) dollars = 8400 dollars Percentage of simple interest given = 5% Let us assume that after x years the money is going to double. Then Amount = Principal (1 + rate of Interest * Time) 8400 = 4200[ 1 + (5/100) * x] 8400/4200 = 1 + (x/20) 2 = 1 + (x/20) 2 - 1 = x/20 x/20 = 1 x = 20 So after 20 years the money will get doubled.
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