Read and understand the problem below. Answer the following questions and do the necessary task.
Using the formula = (1 + ) where A is the future value of the investment, P is the principal, r is the fixed annual interest rate, and n is the number of years.
How many years will it take an investment to double if the interest rate per annum is 2.5%?
1. What are the given in the problem?
2. What is the unknown?
3. Doubling the principal P, what is A in terms of P?
4. What is 2.5% in decimal form?
5. Substitute the given to the formula
Answer please
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4th is answer bro understood
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