kpaul13 kpaul13

21-12-2020
Business

contestada

if Paul invests 10,000 at a 9% interest rate how many years will it take for the investment to grow to $20,000
A. 8 years
B. 10 years
C. 20 years

Respuesta :

yasmin2081 yasmin2081

21-12-2020

b is the correct and

Answer Link

Eddie1Wan Eddie1Wan

21-12-2020

Answer:

A.8years

Explanation:

Assuming it compounds,

$20000=$10000(1+9/100)^t

t=8.04years≈8years

Answer Link

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