At an interest rate of 9 percent, an investment of $1 would double

At an interest rate of 9 percent, an investment of $1 would double

At an interest rate of 9 percent, an investment of $1 would double in 8.04 years. How long to the nearest year would it take an investment of $1 to grow four fold (4 times) if the interest rate was only 6 percent?a.12 yearsb.24 yearsc.36 yearsd.48 yearse.96


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