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jenyasd209
3 months ago
10

Emily invests $5,000 in an

Mathematics
2 answers:
lawyer [12.5K]3 months ago
7 0

Answer:

50 years

Detailed breakdown:

Applying the simple interest formula:

PRT/100

Where P is the principal amount ($5000)

R represents the interest rate (4)

T signifies the time (x- unknown)

The total amount after time T is double the initial investment = 5000 * 2 = 10000

(5000 * 4 * x) / 100 = 10000

20000x / 100 = 10000

20000x = 100 * 10000

20000x = 1,000,000

x = 1,000,000 / 20,000

x = 50

It will require 50 years

Leona [12.6K]3 months ago
6 0

Answer:

50 years

Detailed breakdown:

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Step-by-step explanation:

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