The doubling time of an investment is the amount of time it takes to double in value. If an investment with 7.8% annual compound interest is worth $2000, find its doubling time. The doubling time is years. (Round to the nearest tenth.)
The doubling time of an investment is the amount of time it takes to double in value. If an investment with 7.8% annual compound interest is worth $2000, find its doubling time. The doubling time is years. (Round to the nearest tenth.)
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...
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