The time it would take for a given sum of money to double at 4% per year

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The time it would take for a given sum of money to double at 4% per year simple interest is closest to:

(a) 30 years

(b) 25 years

(d) 10 years

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 05:31 AM

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The time it would take for a given sum of money to double at 4% per year

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Answer b 25 years Explanation lets say the principleP is x Given Rate of interestR is 4 we kn...View the full answer

Engineering economy

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