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2 May, 01:14

Suppose you deposit $2000 in a bank account that has a doubling time of 19 years. To the nearest $100, what will your balance be after 5 years?

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  1. 2 May, 02:14
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    Start with 2000

    it takes 19 yrs to get another 2000

    divide 2000 by 19 to get amount earned per 1 year = $105.26

    multiply $105.26 by 5 yrs = $526.32

    rounded to nearest 100 = $500
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