Deposit $2,000 in the bank at 10% interest. How many years will it take to double your money?
2 answers:
Hi there!
It will take 10 years to double your money. to get this follow these steps:
10% as a decimal is 0.1
$2000 * 0.1 = $200
$200 * 10 = $2000
Your friend, ASIAX
If there is 10% interest then you would gain 200$ a year meaning it would take 10 years.
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