How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 19E
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Question 5
How long it would take to double an invesment if the rate of interest is 10% compounded quarterly?
a. less than 28 months
b. greater than 28 months
c. exacity 28 months.
O a
Ob
O C
L
Click Submit to complete this assessment.
acer
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Transcribed Image Text:Search Question 5 How long it would take to double an invesment if the rate of interest is 10% compounded quarterly? a. less than 28 months b. greater than 28 months c. exacity 28 months. O a Ob O C L Click Submit to complete this assessment. acer V 31°C
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