How long will it take an investment of $2000 to double if the investment earns interest at the rate of 9%/year compounded monthly

Question

asked Sep 27, 2022 129k views

1 Answer

Ahmad Dehnavi · Answer 1 · 2022-10-02T15:32:25+0000

Answer:

5 months

Step-by-step explanation:

when it comes to compound interest rate. The investment rises quickly because it doubles