How long will it take $$250,000$ placed in a savings account at $8\mathrm{.}5\%$ interest to grow into $$500,000?$

Question $12$Answer

a$.$

$8\mathrm{.}5$ years

b$.$

$10\mathrm{.}25$ years

c$.$

$5\mathrm{.}5$ years

d$.$

$6\mathrm{.}1$ year