Question

If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double?

Answer 1

@ShootingStar28

Answer 2

@Teddyiswatshecallsme

Answer 3

@fieldsj82

Answer 4

@4everaddicted2anime

Answer 5

@jhonyy9

Answer 6

this 1% interest mean yearly ? per one year ?

Answer 7

Yes

Answer 8

The options are:
A. 72 years
B. 36 years
C. 18 years
D. 2 years
E. It is impossible to determine with the information given.

Answer 9

so try it with an example than you begine with 100$ and get 1% yearly how many dollars mean this 1% accumuling ?

Answer 10

than begin it with 100$ and get interest 1% so this mean 1$ yearly so than what mean this when wfter how many years will be doubled your 100 dollars ?

Answer 11

1 dollar --- 1 year

100 dollars ---- x year
-----------------------

x = 100*1/1 = ?

Answer 12

100

Answer 13

yes so this mean that this 100 dollars will be doubled after 100 years - ok. ?

Answer 14

Alright.

Answer 15

sorry but i need to go to other asker

was my pleasure

bye