Ask Question
23 December, 03:05

You graduate and get a $10,000 check from your grandparents. You decide to save it toward a down payment on a house. You invest it earning 10% per year and you think you will need to have $20,000 saved for the down payment. How long will it be before the $10,000 has grown to $20,000?

+1
Answers (1)
  1. 23 December, 06:18
    0
    10 years, you gain 10% interest per year, 10% of 10,000 is 1000, you'd gain 1000 yearly meaning in 10 years you will have $20,000 total.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You graduate and get a $10,000 check from your grandparents. You decide to save it toward a down payment on a house. You invest it earning ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers