ol 1 hour This test will save and be submided aulomatically when the time cxpres

Question

ol 1 hour This test will save and be submided aulomatically when the time cxpres Warnir appear when hall the time, 5 minutes, 1 minute, and 30 seconds seman 2 Video 3 Video e 4 Video Mutiple Attempts Not allowed This Test can only be taken once Force Complotion Once started, this test must be comploted in one sating Do not eave the lest belore dlicking Save and Subi This test does not allow backtracking Changes to the answer after submission ave prohibiled Remaining Time:22 minutes, 13 seconds re 6 Video re 7 Video re 8 Video ure Materials cational videos ignments and due dates Questlion Completion Status: ine Test udent Survey roquest login Moving toto next questin prevents changes to tis answer Question 6 y Geade At8% compounded annualy, how long witake S750 to double? 0165 years 2 48 months O3 9 years O 4 12 years Moving to the next question prevens changes to to aerr LG

Explanation / Answer

Ans 3) 9 years

FV = Future Value PV = Present Value r = rate of interest n= no of period FV = PV (1 + r )^n 1500 = 750* (1 + 8% )^n 2 = (1.08)^n n = 9 years

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