ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6%. if ryan leaves the account alone until the investment doubles, how old wil he be? (assume that the intrest is no compounded.)

Question

anonymous · Answer

ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6%. if ryan leaves the account alone until the investment doubles, how old wil he be? (assume that the intrest is no compounded

anonymous · Answer

investment doubles means, it must have earned $4000
right ?