Question

At 3% annual interest compounded monthly, how long will it take to double your money?

A) 20.1 B) 21.1 C) 22.1 D) 23.1

Answer 1

Answer:

D) 23.1

is right answer your questions

Step-by-step explanation:

At first glance it might seem that this problem cannot be solved because we do not have enough

information. It can be solved as long as you double whatever amount you start with. If we start with

with. If we start with$100, then P = $100 and FV = $200.

Answer 2

Answer:

D)- Part.....

hope it is correct....

please mark me as brainlist also......