Question

how long does it take $1700 t o double if it is invested at 5% interest, compound monthly? round your answer to the neatest tenth
A) 7.9yr B) 3.9 yr C) 4.8yr D)13.9 yr

Answer 1

How come no one has helped you yet?

Answer 2

not yet

Answer 3

i need the answer

Answer 4

OMG, the all-seeing eye!

Answer 5

Don't you want someone to explain the answer to you?

Answer 6

no... i just need the answer

Answer 7

Are you just checking your answer?

Answer 8

yes

Answer 9

What answer did you get...I'll verify it..

Answer 10

i think B but im not sure

Answer 11

5% is the monthly rate?
but from my calculation, it needs 14.28 periods to double it.

Answer 12

13.89 which is approximately 13.9 years

Answer 13

If you want calculations, I can provide those too