$3000 is deposited into an account earning 2% compounded semiannually. How long will it take for the amount to double? years Round answer to the nearest whole number. Do not write the units.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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$3000 is deposited into an account earning 2% compounded semiannually.
How long will it take for the amount to double?
years
Round answer to the nearest whole number.
Do not write the units.
Transcribed Image Text:$3000 is deposited into an account earning 2% compounded semiannually. How long will it take for the amount to double? years Round answer to the nearest whole number. Do not write the units.
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