The time it would take for money to double at a simple interest rate of 5% per

Question:

The time it would take for money to double at a simple interest rate of 5% per year is closest to:

(a) 10 years

(b) 12 years

(c) 15 years

(d ) 20 years

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: