kaylasamuels02 kaylasamuels02

08-10-2020
Mathematics

contestada

What annual rate of interest is required to double an investment in 9 years

Respuesta :

collinarh9 collinarh9

08-10-2020

Answer:

8%

Step-by-step explanation:

If an investment scheme promises an 8% annual compounded rate of return, it will take approximately (72 / 8) = 9 years to double the invested money

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