asked 233k views
5 votes
Stu invested $700 in a Cd. if the CD grows at a rate of %6 per year compounded annually, when will he double his money ?

1 Answer

2 votes

Answer:16.66 repeating years

Step-by-step explanation: take 6% of 700 the divide 700 by that number to get how many years until he doubles his money then check by multpling 42 * 16.66 repeating

answered
User Chetbox
by
7.6k points

Related questions

1 answer
5 votes
139k views
asked Jun 5, 2023 62.7k views
Beachhouse asked Jun 5, 2023
by Beachhouse
8.5k points
1 answer
3 votes
62.7k views
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.