Bob has $2,000 invested in a bank that pays 6% annually. How long will it take...

Question

Question

Bob has $2,000 invested in a bank that pays 6% annually. How long will it take his funds to double?

Answer 1

Answer #1

2000 investe d pays anall To double the funds, the trm e 껑cqume looo (I+ 1%); 2000 Appyiuy lojon both side u n log C p 1.06

Answer 2

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