Which statements about doubling an investment are true? Check all that apply.

An investment of $5,000 will double in 6 years at an annual compound interest rate of 12%.

An investment of $1,000 will double at an annual compound interest rate of 18% in 6 years.

An investment of $350 will double in 9 years at a compound interest rate of 8%.

An investment of $2,000 will double at a simple interest rate of 5% in 20 years.

An investment of $700 will double in 12 years at a simple interest rate of 6%.

Question

Sarah Rivas

Mathematics

27 December, 03:12

Which statements about doubling an investment are true? Check all that apply.

An investment of $5,000 will double in 6 years at an annual compound interest rate of 12%.

An investment of $1,000 will double at an annual compound interest rate of 18% in 6 years.

An investment of $350 will double in 9 years at a compound interest rate of 8%.

An investment of $2,000 will double at a simple interest rate of 5% in 20 years.

An investment of $700 will double in 12 years at a simple interest rate of 6%.

+2

Answers (2)

Know the Answer?

Blaze Garner · Answer 1

An investment of $1000 will double at an annual compound interest rateof 18% in 6 years (True)

An investment of $2000 will double at a simple interest rate of 5% in 20 years (True)

Ellis · Answer 2

this is the correct answer