Doubling your money Determine how much time is required for a $500 investment to double in value if interest is earned at the rate of 4.75% compounded annually.
Step 1 of 2</p>
In this problem, we have to find how much time is required to double the amount.
Given that and
The amount at any time in years is
Textbook: Thomas' Calculus: Early Transcendentals
Author: George B. Thomas Jr., Maurice D. Weir, Joel R. Hass
This full solution covers the following key subjects: annually, compounded, Double, doubling, earned. This expansive textbook survival guide covers 138 chapters, and 9198 solutions. The answer to “Doubling your money Determine how much time is required for a $500 investment to double in value if interest is earned at the rate of 4.75% compounded annually.” is broken down into a number of easy to follow steps, and 28 words. The full step-by-step solution to problem: 82E from chapter: 1.6 was answered by , our top Calculus solution expert on 08/01/17, 02:37PM. Thomas' Calculus: Early Transcendentals was written by and is associated to the ISBN: 9780321884077. Since the solution to 82E from 1.6 chapter was answered, more than 229 students have viewed the full step-by-step answer. This textbook survival guide was created for the textbook: Thomas' Calculus: Early Transcendentals , edition: 13.