Ask Question
2 March, 15:55

Perry has an opportunity to put $2291 into an investment with an APR of 7.6%. How long will it take his investment to double?

+4
Answers (1)
  1. 2 March, 16:22
    0
    2*2291=2291 (1+0.076) ^t==> 2 = (1+0.076) ^t

    Solve for t

    Log (2) = t*log (1.076)

    T=log (2) : log (1.076)

    T=9.46 years round your answer to get 9 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Perry has an opportunity to put $2291 into an investment with an APR of 7.6%. How long will it take his investment to double? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers