Question 1 Not yet answered Points out 1.00 Someone deposits $800.00 into an account with 7% annual interest. They're waiting until the money doubles to $1600.00 How many years (t) would it take by SIMPLE interest? Use at least two decimal places. NOTE: Remember, Simple Interest is the one without the exponents. If you need to look back through your notes to find it, do that. Answer: Answer Question 2 Not yet answered Points out 1.00 How long would it take the money to double (same D, same r ) if the interest was COMPOUNDED once per year? HINT: Should the answer to Question 2 be more, or less, than the answer to Question 1 ? Answer: Answer Question 3 Not yet answered Points out 1.00 And finally, how long would it take (same D, same r) if the interest was CONTINUOUS? HINT: Should the answer to Question 3 be more, or less, than the answer to Question 2