Homer invested ₱7000. How long will it take for his investment to double at the rate of 8%? 15 years and 6 months 21 years and 5 months 9 years and 5 months 12 years and 6 months

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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Homer invested ₱7000. How long will it take for his investment to double at the rate of 8%?

15 years and 6 months
 
 
21 years and 5 months
 
 
9 years and 5 months
 
 
12 years and 6 months
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