The number of years it takes for an investment to double if it earns r percent (as a decimal), compounded annually, is t= invested at 6.6%, compounded annually? It would take about years for the investment to double. (Round to the nearest year as needed.) In 2 In how many years will an investment double if it i In (1+r)
The number of years it takes for an investment to double if it earns r percent (as a decimal), compounded annually, is t= invested at 6.6%, compounded annually? It would take about years for the investment to double. (Round to the nearest year as needed.) In 2 In how many years will an investment double if it i In (1+r)
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
Question
Transcribed Image Text:The number of years it takes for an investment to double if it earns r percent (as a decimal), compounded annually, is t=
invested at 6.6%, compounded annually?
It would take about
years for the investment to double.
(Round to the nearest year as needed.)
In 2
In how many years will an investment double if it i
In (1+r)
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