SOLVE THE GIVEN WORD PROBLEM
Using a formula A=P (1 + r)[tex]^{n}[/tex], where A is the future value, P is the principal, r is the fixed annual interest rate, and n is the number of years, how many years will it take an investment amounting to P 100,000 to double if the interest rate per annum is 2.5%? SHOW SOLUTION
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Answer:
28.1
Step-by-step explanation: