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17 February, 04:44

Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?

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  1. 17 February, 08:06
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    It will take her 50 months if the interest grows every months. Here's the reason why:

    => in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
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