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6 April, 15:23

Deposit $2,000 in the bank at 10% interest. How many years will it take to double your money?

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Answers (2)
  1. 6 April, 15:34
    0
    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
  2. 6 April, 15:50
    0
    If there is 10% interest then you would gain 200$ a year meaning it would take 10 years.
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