Abby earned $600 this past summer babysitting. She decided to put this money in a bank that earns a 5% simple interest rate. How many years will it take to double her initial deposit? A) 10 years posting on Facebook B) 12 years playing kazoos C) 15 years fist pumping D) 18 years eating marshmallows E) 20 years brushing their teeth
Abby earned $600 this past summer babysitting. She decided to put this money in a bank that earns a 5% simple interest rate. How many years will it take to double her initial deposit? A) 10 years posting on Facebook B) 12 years playing kazoos C) 15 years fist pumping D) 18 years eating marshmallows E) 20 years brushing their teeth
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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![9
Abby earned $600 this past
summer babysitting. She decided
to put this money in a bank that
earns a 5% simple interest rate.
How many years will it take to
đouble her initial deposit?
A) 10 years
posting on Facebook
B) 12 years
playing kazoos
C) 15 years
fist pumping
D) 18 years
eating marshmallows
E) 20 years
brushing their teeth
Gina Wisen AN Things Algba) 2015](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5feaa3d-f6b5-4a32-a815-5e27c9954454%2F33a48ec0-0c12-4706-b450-76cb5b0dca5d%2F45q9l2e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9
Abby earned $600 this past
summer babysitting. She decided
to put this money in a bank that
earns a 5% simple interest rate.
How many years will it take to
đouble her initial deposit?
A) 10 years
posting on Facebook
B) 12 years
playing kazoos
C) 15 years
fist pumping
D) 18 years
eating marshmallows
E) 20 years
brushing their teeth
Gina Wisen AN Things Algba) 2015
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