Approximately how long would it take an investment that is compounded annually to triple at an interest rate of 6%?
1 answer:
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Answer:
Step-by-step explanation:
Put the values of x to the equation y = 2x + 2 and calculate the value of y:
x = 2
y = 2 · 2 + 2 = 4 + 2 = 6
x = 5
y = 2 · 5 + 2 = 10 + 2 = 12
x = 6
y = 2 · 6 + 2 = 12 + 2 = 14
x = 8
y = 2 · 8 + 2 = 16 + 2 = 18
