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Vlad1618 [11]
3 years ago
10

At the age of 4, Ted received an inheritance of $2,500. His mother invested the money in an account bearing 5% annual interest.

How long will it take for this inheritance to double in value? Round your answer to 2 decimal places.
Mathematics
1 answer:
TEA [102]3 years ago
6 0

Answer: when he is 24 years

Step-by-step explanation: 5 x 20 =100. The doubled amount will be 5,000.

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