The time t (in years) for an investment to double is where r is the annual yield

Question:

The time t (in years) for an investment to double is

where r is the annual yield rate. How long does it take an investment to double if r =

(a) 3.00%,

(b) 6.00%,

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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The time t (in years) for an investment to double is where r is the annual yield

Question:

In 2 In(1 + r)

Step by Step Answer:

We can plug in the given values of r into the formula and solve for t a ...View the full answer

Basic Technical Mathematics

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