Find how long it takes$ 2500 to double if it is invested at 6 % interest compounded semiannually. Use the formula A=P(1+r/n )ⁿ⁺ to solve the compound interest problem.
It will take approximately ___years.
(Do not round until the final answer. Then round to the nearest tenth as needed.)

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05-12-2022
Mathematics

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Find how long it takes$ 2500 to double if it is invested at 6 % interest compounded semiannually. Use the formula A=P(1+r/n )ⁿ⁺ to solve the compound interest problem.
It will take approximately ___years.
(Do not round until the final answer. Then round to the nearest tenth as needed.)

Sagot :

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