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The value of an investment is expected to grow 5% per year. How long will it take for the value to double? A). About 4 years B). About 7 years C). About 14 years D). About 23 ye…

The value of an investment is expected to grow 5% per year. How long will it take for the value to double? A). About 4 years B). About 7 years C). About 14 years D). About 23 ye…
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The value of an investment is expected to grow 5% per year.

How long will it take for the value to double?

A). About 4 years
B). About 7 years
C). About 14 years
D). About 23 years ​

User Whatang
by
7.6k points

1 Answer

5 votes
Answer: B) about 7 years

Multiply 5 by 7 and you get 35, it’s the closest number to 50
User Mjsqu
by
8.7k points
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