Question: Saved Help Save & Exit Submit At an annual interest rate of 10%, how many years does it take to triple your money? Do not

 Saved Help Save & Exit Submit At an annual interest rate
of 10%, how many years does it take to triple your money?

Saved Help Save & Exit Submit At an annual interest rate of 10%, how many years does it take to triple your money? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50. Numeric Response Today, you open a new savings account and deposit $3,000. No other deposits or withdrawals are made to your account. Assume you will earn 4% simple interest per year. How much will your investment be worth in 25 years? Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response

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