Question

Brayden saves $1,500 at a rate of 2.5%. How many years does it take for the amount he has saved to be double the original amount?

Answer 1

Answer:

40 years

Step-by-step explanation:

the original amount ($1500) is 100%, in order to double the amount, we need 100% more. We take 100/2.5 = 40. Therefore it takes 40 years for the amount he has saved to be double the original amount

1500 + 1500*2.5*40 = 3000 which is double