Question

Deposit $2,000 in the bank at 10% interest. How many years will it take to double your money?

Answer 1

if there is 10% interest then you would gain 200$ a year meaning it would take 10 years.

Answer 2

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