Math, asked by raelmarisol14, 5 months ago

What annual rate of interest compounded annually is required to double an investment in 7 years?

Answers

Answered by Anonymous
0

Answer:

10.3%

Step-by-step explanation:

You can calculate this by a simple formula called the rule of 72. So you will need an annual rate of 10.3% to double your investment in 7 years.

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