answered
The correct answer is 4yrs.  Note the 6% is a "simple rate" meaning she gets 6% on the original investment and not what is earned every year. 6% or .06 of 25,000 = 150 (this is what she makes in 1 year) 6% or .06 of 25,000 = 150 (this is what she makes in 2 … Read more