SOLUTION: At what interest rate should you invest your money if you want it to double in 6 years

SOLUTION: At what interest rate should you invest your money if you want it to double in 6 years

Algebra.Com

Question 665021: At what interest rate should you invest your money if you want it to double in 6 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
=12%
RELATED QUESTIONS
At what rate do you need to invest money into a bank account earning continuously... (answered by ikleyn)

At what rate do you need to invest money into a bank account earning continuously... (answered by Theo)

At what rate do you need to invest money into a bank account earning continuously... (answered by ikleyn)

c.) Interest rate is critical to the speed at which your investment grows. If $1 is... (answered by JessMC)

if you invest money into an account that receives a steady annual interest rate of 3.5%,... (answered by robertb)

(answered by rfer)

The time it takes to double the balance in an account varies inversely with the intrest... (answered by ankor@dixie-net.com)

Suppose that you can invest your money at an annual interest rate of 8%, compounded... (answered by Boreal)

ABC bank is offering to double your money! They say that if you invest with them at 6%... (answered by lwsshak3)