Use the formula A=P (1+ r/n)ⁿ⁺ to solve the compound interest problem.
Find how long it takes for $ 900 to double if it is invested at 6 % interest compounded monthly.
The money will double in value in 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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Use the formula A=P (1+ r/n)ⁿ⁺ to solve the compound interest problem.
Find how long it takes for $ 900 to double if it is invested at 6 % interest compounded monthly.
The money will double in value in approximately ___ years.
(Do not round until the final answer. Then round to the nearest tenth as needed.)

Sagot :

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