You Have $500 Invested in an Account Earning 7

question 88

Short Answer

You have $500 invested in an account earning 7.2% interest compounded annually. How many years will it take to triple your money? Round to the nearest tenth of a year.

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Definitions:

Research Methods

Systematic approaches to conducting scientific investigations, including both qualitative and quantitative techniques.

Scientific Investigation

A methodical approach to research where scientists formulate hypotheses, collect and analyze data to draw conclusions.

Data Collection

The systematic approach to gathering and measuring information from varied sources to get a complete and accurate picture of an area of interest.

Operational Definition

A clear, precise criteria for defining a term specifically within the context of an experiment or study.