How many years needed for compound amount to double, Mathematics

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How many years needed for compound amount to double

Mary Klingman Invests $15,000 in the account paying 7% per year compounded annually

a. How many years are needed for compound amount to at least double?

b. In how many years will the amount at least triple?

c. check the answer to part A utilizing either rule of 70 or the rule of 72, whichever appropriates.

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: How many years needed for compound amount to double

Reference No:- TGS0849001

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Determine equation for wheel if center of wheel is on y-axis

Q : Write equation relating total cost to number of pictures

Q : Compute cost if radius is ten centimeters

Q : Find the possible values of x in given situation

Q : How many years needed for compound amount to double

Q : Compute demand if price per gallon is given

Q : How much does price require to decrease to sell snig

Q : At what percentage of original price is it selling

Q : Verify the results utilizing the graphing utility

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: How many years needed for compound amount to double

Reference No:- TGS0849001

Recent Questions Asked Mathematics

Q : Determine equation for wheel if center of wheel is on y-axis

Q : Write equation relating total cost to number of pictures

Q : Compute cost if radius is ten centimeters

Q : Find the possible values of x in given situation

Q : How many years needed for compound amount to double

Q : Compute demand if price per gallon is given

Q : How much does price require to decrease to sell snig

Q : At what percentage of original price is it selling

Q : Verify the results utilizing the graphing utility

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