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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

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
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?
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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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