SOLUTION: Interest rate is 7% and doubling time is 10.2 years. You have invested $5,000.00. In how many years will your money $40.000.00
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Question 1143165: Interest rate is 7% and doubling time is 10.2 years. You have invested $5,000.00. In how many years will your money $40.000.00
Answer by math_helper(2461) (Show Source): You can put this solution on YOUR website!
so there are 3 doublings (40000/5000 = 8)...
For that to play out, you'd have to wait
years
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