Peggy deposited $83 into a savings account. what interest rate will cause her money to double in approximately 42 years? 1.7% (apex)

Yes, the approximate annual rate is 1.7%

Step-by-step explanation:

Here, the principal amount, P = $ 83,

Time, t = 42 years

Amount after 42 years, A = $ 166

Let the annual rate of interest = r %,

By the compound interest formula,

We can write,

⇒ The annual rate of interest = 1.7% ( Approx )

A 1.7%

Step-by-step explanation:

A P E X is garbo

a variable is any characteristics, number, or quantity that can be measured or counted. a variable may also be called a data item. hope i !

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