Here is the question 3 The Rusty Kegs management many ears w

Here is the question

3. The Rusty Keg\'s management... many ears wil t The Rusty Keg\'s management have recently found an investment opportunity that will provide a 7.5% annua rate of return take to double their money? o 0 8.55 O 11 9.58 Not enough information

Solution

Let the initial amount be 1

2 = 1*(1+ 0.075)n

n = log2/log1.075

number of years taken to double = 9.58

Here is the question 3. The Rusty Keg\'s management... many ears wil t The Rusty Keg\'s management have recently found an investment opportunity that will provi

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