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CAT Question & Answer Key Resources Grade 10 Mathematics PT and CAT Master Course (Entered in Quill)

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The rule of 72 gives an approximation for the amount of time it will take in order for an investment that is made in a stock, mutual fund, or some other investment vehicle. The formula to determine the amount of money that is in an account, A given an initial investment of P with an annual interest rate of r over time t is \(A=P(1+r)^{t}\)

Find a formula that will determine the time, t it will take to double the investment, P

Resource: Question

Question Type: Multiple Choice - Single Answer

Standard(s):HSA.CED.A.4

Standard Description: Rearrange formulas to highlight a quantity of interest, using the same reasoning as in solving equations. For example, rearrange Ohm's law V = IR to highlight resistance R

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