Time to accumulate a given sum Personal Finance Problem Manuel Rios wishes to determine how long it will take an intial deposit of S10 000 to double a Manuel cas 13% annual interest on the deposit, how long wil it take for him to doublo his monuy? b. How long will it take if he earns only 10% annual interest? c. How long wil it take if he can earn 15% annual interest? d. Reviewing your findings in parts a b. and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money 2. Manuel earns 13% annual interest the amount of time to double his money is 3 years [Round to two decimal places) b. I Manuel earns 10% annual interest, the amount of time to double his money I years. (Round to two decimal places) c. If Manuel earns 15% annual interest the amount of time to double his money is yours Round to two decimal places) d. Reviewing your findings in parts a b and e, indicate what relationship exists between the interest rate and the amount of time will take Manuel to double his money (Select the best answer below) OA The lower the rate of interest, the less time is required to accumuliato a given future sum OB. The higher the rate of interest the more time is required to accumulate a given future sum OC. The higher the rate of interest the less time is required to accumulate a given future sum OD. The interest rate does not affect how long it will take to accumulate a given future value