John invests $200 at 4.5% compounded annually. About how long will it take for Johns investment to

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John invests $200 at 4.5% compounded annually. About how long will it take for John’s investment to double in value?

(A) 6 yrs 

(B) 9 yrs 

(C) 12 yrs 

(D) 16 yrs 

(E) 20 yrs

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Calculus Graphical, Numerical, Algebraic

ISBN: 9780132014083

3rd Edition

Authors: Ross L. Finney, Franklin D. Demana, Bert K. Waits, Daniel Kennedy

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