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 informationSolution
Let the initial amount be 1
2 = 1*(1+ 0.075)n
n = log2/log1.075
number of years taken to double = 9.58

