Question

Sam decides to invest $3168 in an account that pays 5.75% simple interest per annum.He is determined to wait until the savings he invested is doubled. Find out the time taken to double his money.
plz give step by step answer..​

Answer 1

Answer:

182.16

Step-by-step explanation:

3168

×

5.76%=182.16

Answer 2

Answer:

17.39 year

Step-by-step explanation:

According to question,

Principle amount = 3168 (principal) + 3168 (interest )

simple interest = principal× Time×rate

1000