Asked by Anonymous
How long will it take $4000 to double if it is invested at 7.85%?
Answers
Answered by
Reiny
solve for n
8000 = 4000(1.0785)^n
2 = (1.0785)^n
you will have to use logs
8000 = 4000(1.0785)^n
2 = (1.0785)^n
you will have to use logs
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