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1 year ago

Question 2

Mathematics

1 answer:

igomit [66]1 year ago

5 0

The annual rate of return of the investment that doubled in 15 years is 4.7%.
The annual rate of return of the investment that doubled in 8 years is 9 years.
The annual rate of return of the investment that doubled in 20 years is 3.52%.
The number of years it would take the investment to double is 9.97 years.

<h3>What are the annual rate of return?</h3>

The formula that can be used to determine the annual rate of return is:

g = (Future value / present value)^(1 / number of years) - 1

2^(1/15) - 1 = 4.7%

(1600 / 800) ^(1/8) - 1 = 9%

(200,00 / 100,000)^(1/20) - 1 = 3.52%

Number of years = (In FV / PV) / r

Where:

FV = future value
PV = present value
r = interest rate

IN2 / 0.0695 = 9.97 years

To learn more about number of years, please check: brainly.com/question/21841217

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