An investment grows from $10,240 to $10,700.80 in one year. If the investment continues to grow at that rate, find the number of years it will take the investment to double. 1- a) 15.5 years b) 17 years c) 15.75 years d) 16.75 years e) 16.5 years

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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An investment grows from $10,240 to $10,700.80 in one year. If the investment continues to
grow at that rate, find the number of years it will take the investment to double.
1 -
a) 15.5 years
b) 17 years
c)
15.75 years
d) 16.75 years
e)
16.5 years
Transcribed Image Text:An investment grows from $10,240 to $10,700.80 in one year. If the investment continues to grow at that rate, find the number of years it will take the investment to double. 1 - a) 15.5 years b) 17 years c) 15.75 years d) 16.75 years e) 16.5 years
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