How long will take sales to triple

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Question 1: We sometimes need to find how long it will take a sum of money (or anything else) to grow to some specified amount. (a) For example, If a company's sales are growing at a rate of 7.5% per year, approximately how long will it take sales to triple? Show your answer to 2 decimals (x.xx years)

Question 2: If you want an investment to double in 6 years, what interest rate must it earn? Show your answer to 2 decimals (x.xx%)

Reference no: EM132524841

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