On a deposit of $100 at a simple interest rate of 20%, how many years would it take to double your money? Hint: How much interest do you earn in one year? What about the next year? How many years to earn $100 in interest?
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Home » Mathematics » On a deposit of $100 at a simple interest rate of 20%, how many years would it take to double your money? Hint: How much interest do you earn in one year? What about the next year? How many years to earn $100 in interest?