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Answer:
11 years approx
Step-by-step explanation:
Given data
P=$1000
A=2000
R=6.5%
T= ?
Calculate time, solve for t
t = ln(A/P) / r
substitute
t=ln(2000/1000)/0.065
t=ln(2)/0.065
t=0.693/0.065
t=10.66
Hence the time is 11 years approx
Answer:
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Step-by-step explanation:
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