# Math help

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how many years will it take for \$4,000 to double at a simple intrest of 5%

• Math help -

the answer is 40 years. Hope this helps

• Math help -

annual interest = .05(4000) = 200
to double, we need another \$4000

number of years = 4000/200 = 20

it will take 20 years

check:
simple interest on \$4000 for 20 years at 5%
= .05(20)(4000) = 4000
so amount = what we had + new amount
= 4000 + 4000 = 8000 which is double what we started with

The answer of 40 years in not correct.

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