Posted by **Jeconiah** on Sunday, April 7, 2013 at 5:55am.

How long will take for a $3000 savings account to double its value at simple interest rate of 10%?

- Problem Solving! please I need more help!! -
**Steve**, Sunday, April 7, 2013 at 6:12am
just plug the numbers into the formula you know:

A = P(1+rt)

If all you want is the multiplication factro, then

A/P = (1+rt)

so,

2 = (1+.06t)

- Problem Solving! please I need more help!! -
**kim**, Wednesday, January 27, 2016 at 8:06pm
How long will it take $4,000 to grow to $16,000 if invested at 5% compounded monthly?

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