The annual rate, r, compounded annually, it takes for 1 dollar to grow to D dollars in 3 years is given by the formula . Find the rate necessary for a dollar to double in 3 years.
A) 26.0%
B) 100.0%
C) 126.0%
D) 28.7%
E) 33.3%

Question

The annual rate, r, compounded annually, it takes for 1 dollar to grow to D dollars in 3 years is given by the formula  . Find the rate necessary for a dollar to double in 3 years. ​
A) 26.0% 
B) 100.0% 
C) 126.0% 
D) 28.7% 
E) 33.3%

Quizplus · Accepted Answer

The Answer of The annual rate, r, compounded annually, it takes for 1 dollar to grow to D dollars in 3 years is given by the formula  . Find the rate necessary for a dollar to double in 3 years. ​
A) 26.0% 
B) 100.0% 
C) 126.0% 
D) 28.7% 
E) 33.3%

The Annual Rate, R, Compounded Annually, It Takes for 1