SOLUTION: what is the rate percent p.a. of a sum of money which doubles in 17 years at compound interest?

SOLUTION: what is the rate percent p.a. of a sum of money which doubles in 17 years at compound interest?

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Question 1072783: what is the rate percent p.a. of a sum of money which doubles in 17 years at compound interest?
Answer by josgarithmetic(39616) (Show Source): You can put this solution on YOUR website!
One-year compounding period
17 years to double the investment
r, the rate as a decimal value

or 4.16%
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