Answered: You invest $9600 in a savings account…

You invest $9600 in a savings account that pays 3.6% simple interest. How long will it take for this investment to double in value? Round to the nearest cent.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

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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You invest $9600 in a savings account that pays 3.6% simple interest. How long will it take for this investment to double in value? Round to the nearest cent.

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