Stu invested $700 in a Cd. if the CD grows at a rate of %6 per year compounded annually, when will he double his money ?

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LearnerX asked Jun 27, 2022

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Stu invested $700 in a Cd. if the CD grows at a rate of %6 per year compounded annually, when will he double his money ?

Mathematics
high-school

LearnerX asked Jun 27, 2022

by LearnerX

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Answer:16.66 repeating years

Step-by-step explanation: take 6% of 700 the divide 700 by that number to get how many years until he doubles his money then check by multpling 42 * 16.66 repeating

JustinLovinger answered Jul 4, 2022

by JustinLovinger

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