Compare the number of years it will take to double money at 5% interest, with simple interest and compounded annually. What is the difference in the number of years? (Round your answer to the nearest tenth, if necessary)

Question

07-04-2021
Mathematics

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Compare the number of years it will take to double money at 5% interest, with simple interest and compounded annually. What is the difference in the number of years? (Round your answer to the nearest tenth, if necessary)

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