You deposit $3,000 in a saving account that earns 8% simple interest per year. how many years will it take to double your balance? if, instead, you deposit the $3,000 in another savings account that e

You deposit $3,000 in a saving account that earns 8% simple interest per year. how many years will it take to double your balance? if, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many years will it take to double your balance?