Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9% annually compounded annually. How many years would it take for her investment to double? * 8 years 7 years 9 years O 10 years

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
Question
Ms. Roberts decided to invest some money in an insurance company with
an interest rate of 9% annually compounded annually. How many years
would it take for her investment to double? *
8 years
O 7 years
9 years
O 10 years
Transcribed Image Text:Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9% annually compounded annually. How many years would it take for her investment to double? * 8 years O 7 years 9 years O 10 years
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