Ask Question
30 March, 14:35

Suppose you deposit $2000 in a bank account that has a doubling time of 19 years. To the nearest $100, what will your balance be after 5 years?

+1
Answers (1)
  1. 30 March, 16:32
    0
    Start with 2000

    it takes 19 yrs to get another 2000

    divide 2000 by 19 to get amount earned per 1 year = $105.26

    multiply $105.26 by 5 yrs = $526.32

    rounded to nearest 100 = $500
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you deposit $2000 in a bank account that has a doubling time of 19 years. To the nearest $100, what will your balance be after 5 ...” in 📙 Mathematics 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