Terrance has $100 that he can invest in a savings account. His bank is willing to pay interest to his account at a rate of 0.04. How long will Terrance need to leave the money in the account if he wants to earn $100 in interest, doubling his money? Use the formula .

Respuesta :

Answer: 25 years

Step-by-step explanation:

4 percent of 100 is 25. Meaning 25 years

4% of 100=25 so 25 years