How long will it take $500 to double at a simple interest rate of 5%? Explain your answer. P. s. 5% of 500 is 25, but that is how much per year, not how many years.
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Home » Mathematics » How long will it take $500 to double at a simple interest rate of 5%? Explain your answer. P. s. 5% of 500 is 25, but that is how much per year, not how many years.