marahatallah0954 marahatallah0954

24-01-2022
Mathematics

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Suppose a bank advertises that if you open a savings account with them you can double your money in 5 years. What annual rate are they giving? Please help

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kierstanedwards kierstanedwards

24-01-2022

Answer:

20%

Step-by-step explanation:

x times 5 = x2

Ex;

$50 +20%

20% of 50 = 10

Over 5 years, 10% x 5 years = $50

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