baleskacardona88 baleskacardona88

26-04-2022
Mathematics

contestada

PLEASE HELP
Bobby invests $2500 and wants it to grow to $5000, what interest rate will double your money in 5 years? (round to nearest tenth - one decimal space)

Respuesta :

jsimpson11000 jsimpson11000

27-04-2022

Answer:

14.9 %

Step-by-step explanation:

2 = double

2 = ( 1+ i)^5 i = interest in decimal 5 = years

i = .149 = 14.9 %

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