# Question: How many years will the following take a 500 to

How many years will the following take?

a. $500 to grow to $1,039.50 if it’s invested at 5 percent compounded annually

b. $35 to grow to $53.87 if it’s invested at 9 percent compounded annually

c. $100 to grow to $298.60 if it’s invested at 20 percent compounded annually

d. $53 to grow to $78.76 if it’s invested at 2 percent compounded annually

a. $500 to grow to $1,039.50 if it’s invested at 5 percent compounded annually

b. $35 to grow to $53.87 if it’s invested at 9 percent compounded annually

c. $100 to grow to $298.60 if it’s invested at 20 percent compounded annually

d. $53 to grow to $78.76 if it’s invested at 2 percent compounded annually

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