Answered: If an amount X is invested, at an…

If an amount X is invested, at an interest rate of 5% compounded annually, in how many does the invested amount double itself? a) 14.2 years b) 13.7 years c) 14.7 years d) 15.3 years Answer O O O O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

ASAP..!!

If an amount X is invested, at an interest rate of 5% compounded annually, in how many
does the invested amount double itself?
a) 14.2 years
b) 13.7 years
c) 14.7 years
d) 15.3 years
Answer
A
В
D
OO O

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