Ask Question
4 September, 21:41

Perry has an opportunity to put $2291 into an investment with an APR of 7.6%. How long will it take his investment to double?

+5
Answers (1)
  1. 4 September, 22:15
    0
    2*2291=2291 (1+0.076) ^t==> 2 = (1+0.076) ^t

    Solve for t

    Log (2) = t*log (1.076)

    T=log (2) : log (1.076)

    T=9.46 years round your answer to get 9 years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Perry has an opportunity to put $2291 into an investment with an APR of 7.6%. How long will it take his investment to double? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers