Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9% annually compounded annually. How many years would it take for her investment to double? * 8 years 7 years 9 years O 10 years

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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Ms. Roberts decided to invest some money in an insurance company with
an interest rate of 9% annually compounded annually. How many years
would it take for her investment to double? *
8 years
O 7 years
9 years
O 10 years
Transcribed Image Text:Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9% annually compounded annually. How many years would it take for her investment to double? * 8 years O 7 years 9 years O 10 years
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