SOLUTION: if your money is invested at 10%, about how many years will it take to double?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: if your money is invested at 10%, about how many years will it take to double?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 483483: if your money is invested at 10%, about how many years will it take to double?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
1p+.10p=1.10p
1.10^n=2
1.10^7=1.9487171
Doubling your money at 10% takes a little longer than 7 years..