Solve the problem.
-The following graph shows the effect of compound interest. It shows the growth of $100 invested at 5% interest compounded annually. Starting at year 15 , approximately how long will it take for the money to double?
A) 17 years
B) 9 years
C) 19 years
D) 14 years

Question

Solve the problem.
-The following graph shows the effect of compound interest. It shows the growth of $100 invested at 5% interest compounded annually. Starting at year 15 , approximately how long will it take for the money to double? 
A) 17 years 
B) 9 years 
C) 19 years 
D) 14 years

Quizplus · Accepted Answer

The Answer of Solve the problem.
-The following graph shows the effect of compound interest. It shows the growth of $100 invested at 5% interest compounded annually. Starting at year 15 , approximately how long will it take for the money to double? 
A) 17 years 
B) 9 years 
C) 19 years 
D) 14 years

Solve the Problem. -The Following Graph Shows the Effect of Compound Interest. It