Find the time required for an investment of $11,000 to grow to $23,000 at an annual interest rate of 5%. Complete parts a. through e.. a. Find the time required for an investment of $11,000 to grow to $23,000 at an annual interest rate of 5% if the interest is compounded yearly. years (Simplify your answer. Do not round until the final answer. Then round to the nearest thousandth as needed.)
Find the time required for an investment of $11,000 to grow to $23,000 at an annual interest rate of 5%. Complete parts a. through e.. a. Find the time required for an investment of $11,000 to grow to $23,000 at an annual interest rate of 5% if the interest is compounded yearly. years (Simplify your answer. Do not round until the final answer. Then round to the nearest thousandth as needed.)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 99E
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