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    College Algebra and Trigonometry
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    Exam 4: Inverse, Exponential, and Logarithmic Functions
  5. Question
    Solve the Problem. -What Is the Rate on an Investment That Doubles $5777
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Solve the Problem. -What Is the Rate on an Investment That Doubles $5777

Question 39

Question 39

Multiple Choice

Solve the problem.
-What is the rate on an investment that doubles $5777 in 16 years? Assume interest is compounded quarterly.


A) 2.2%
B) 3.3%
C) 5.4%
D) 4.4%

Correct Answer:

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