Check my work 00 At a simple interest rate of 13% per year, determine how long will it take $12,500 to increase to 5 times as much. Compare the time it will take to double if the rate is 20% per year simple interest. 16 points At an interest rate of 13%, it will take years for the amount to increase 5 times as much. It will take years for the amount to double at an interest rate of 20%. Skipped