If you have 10 000 in a bank account that is paying an interest rate...

60.1K

Verified Solution

Question

Basic Math

image

If you have 10 000 in a bank account that is paying an interest rate of 8 percent that is being compounded annually how many years will it take to double your investment if the interest rate stays the same What is the doubling time years Do not round until the final answer Then round to the nearest hundredth as needed This question 1 point s possible EXOR

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students