You have $2,000 to invest right now, and the best interest rate you can find is...

Question

Question

You have $2,000 to invest right now, and the best interest rate you can find is 5%.

You want to know how long it will take to double your money to $4,000.

The number of years is _____.

business accounting

Answer 1

Answer #1

Rule of 72 Rule of 72 can be used to calculate the time taken for doubling the investment Using this method, Time for doublin

In case of any doubts or issues, please do comment below

Answer 2

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