SOLUTION: How many years will it take for $3000 to double at a simple interest rate of 2%?

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Question 848248: How many years will it take for $3000 to double at a simple interest rate of 2%?
Answer by rvfer(117) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
3000=3000*0.02t
3000/60=t
t=50 yrs