document.write( "Question 466015: At what interest rate (to the nearest hundredth of a percent) compounded annually will money in savings double in five years \n" ); document.write( "
Algebra.Com's Answer #319382 by Alan3354(69443)\"\" \"About 
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At what interest rate (to the nearest hundredth of a percent) compounded annually will money in savings double in five years
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\n" ); document.write( "\"%281+%2B+r%29%5E5+=+2\" r = interest rate
\n" ); document.write( "\"1+%2B+r+=+root%285%2C2%29\"
\n" ); document.write( "\"r+=+root%285%2C2%29+-+1\"
\n" ); document.write( "r =~ 0.1486 = 14.86% per year
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