SOLUTION: How long would $100,000 take to double at a simple interest rate of 8%?

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Question 799359: How long would $100,000 take to double at a simple interest rate of 8%?
Answer by solver91311(24713) About Me  (Show Source):
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Multiply 100,000 times 0.08 to get the amount earned each year. Divide the result into 100,000 to get the number of years required to earn 100K in interest.

John

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