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15 June, 01:06

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. 15 June, 03:06
    0
    If there is 10% interest then you would gain 200$ a year meaning it would take 10 years.
  2. 15 June, 05:03
    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
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