How many years will it take my savings account initial deposit to double given that I receive just 2% per annum simple interest on the deposited money. Choose the correct choice from the following answers: A) 50 B) 45 C) 55 D) 35 E) 40
P = (P*2*R)/100   100P = P*2*R   100 = 2R   Therefore R = 50 Years   50= 50
<result>A</result>
How many years will it take my savings account initial deposit to double given that I receive just 2% per annum simple interest on the deposited money.