Suppose a bank advertises that if you open a savings account with them you can double your money in 5 years. What annual rate ar
e they giving? Please help
1 answer:
Answer:
20%
Step-by-step explanation:
x times 5 = x2
Ex;
$50 +20%
20% of 50 = 10
Over 5 years, 10% x 5 years = $50
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