Advance says you can double your money in 10 years if you put $1,000 and a simple interest account What annual interest rate does the Bank pay

Ok

I=PRT

P=present amount

I=interst

T=time in years

R=rate in percent

when you double your money, interest=present amount

I=1000=P

T=10 years

so

1000=1000 (10) (R)

1000=10000R

divide both sides by 10000

0.10=R

10% is answer