If it is not compounded the interest would be 2000x10x.05=1000
If it is compounded then it is different.
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about how many years would it take for $1000 to become $2000 with an interest rate of 7.2
10 years. Compound interest would take 7 years.
You will have $11576.25
67.57
Simple interest: 144Compound interest: 152.64