Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that

Question

Serga [27]

4 years ago

14

Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that

will allow for this to happen?
A.
4.4%
B.
7.2%
C.
14.4%
D.
16.6%

Mathematics

2 answers:

Neko [114] · Answer 1 · 2021-11-21T13:55:00+03:00

Neko [114]4 years ago

7 0

The answer is B hope i helped

nlexa [21] · Answer 2 · 2021-11-21T15:35:21+03:00

nlexa [21]4 years ago

4 0

<span>Louis needs to make an investment that will double in 5 years. Which interest rate, compounded annually, is the lowest rate that will allow for this to happen?
A.
4.4%</span>