Question

How many years will it take for $3,000 to double at a simple interest rate of 2%?
A. 2 years
B. 5 years
C. 10 years
D. 50 years
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Answer 1

Answer:

3000=3000*0.02t

3000/60=t

t=50 yrs

Step-by-step explanation:

Answer 2

D because it makes sense you can’t double 3 dollars in 2 years with only 2 years