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28 March, 05:42

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? choose the best answer from the options below: a 40.8 years b 35.6 years c 30.2 years d 30.6 years

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  1. 28 March, 09:25
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    Alright, here we go; )

    10000=5000*1.07^10.2

    40000=5000*1.07^x

    Systems of equations and solve.

    The answer is D.
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