A bank account that pays 3% interest per year, compounded over time, should double in value in approximately
A) .03 years
B) 3 years
C) 24 years
D) 33 years
Answer: C
A bank account that pays 3% interest per year, compounded over time, should double in value in approximately
A) .03 years
B) 3 years
C) 24 years
D) 33 years
Answer: C