Economy, asked by rajpalnamberdar1859, 8 months ago

Suppose an investment is growing at the rate of 8% per year. Determine the doubling time for this investment if the starting value is

Answers

Answered by mariyamulla

Explanation:

The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

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