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Mathematics, 20.10.2019 07:10 Hamadsaqer9

Hi im having some trouble understanding simple and compound interest. this is the question pulled from my textbook, it probably seems basic but i have trouble with comprehension.

josh decides to put $5000 into an investment account that pays 5.0% per annum simple
interest. if he leaves the money there until it doubles, how long will this take, to the nearest month?

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Answers: 3

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