Question: If $ 1 6 , 0 0 0 is invested at 1 1 % per year, in approximately how many years will the investment double?

If $16,000 is invested at 11% per year, in approximately how many years will the investment double?
A.7.6 years
B.6.6 years
C.13.2 years
D.9.9 years
 If $16,000 is invested at 11% per year, in approximately how

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!