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The annual profit of a manufacturing company is growing at the rate of 3% per year. in how many years would the initial profits of $500,000 be doubled?

The annual profit of a manufacturing company is growing at the rate of 3% per year. in how many years would the initial profits of $500,000 be doubled?
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the annual profit of a manufacturing company is growing at the rate of 3% per year. in how many years would the initial profits of $500,000 be doubled?

User KittMedia
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Answer: in 24 years.

Explanation:

User Linder
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