A man has a savings account of $500. if he receives $50.6 for every $100 as interest and pays a tax of $15.5 on every $100 how many years will it take for his savings to double.
Choose the correct choice from the following answers:
A) 2.85	B) 5	C) 4.1	D) 3.5	E) 5.6
2.85nnual increase is (100 + 50.6 - 15.5)*5= 
<gadget id="calculator">(100 + 50.6 - 15.5)*5</gadget>
<output>675.5</output>
675.5   Hence every year there is an increase of 175.5   for his saving to double he needs additional $500   therefore $500/175.5=2.85   correct option is 2.85)
<result>A</result>
A man has a savings account of $500. if he receives $50.6 for every $100 as interest and pays a tax of $15.5 on every $100 how many years will it take for his savings to double.