Lemma
MediumDecimals & percentages
AQuA-RAT train #57700 · Arithmetic · Decimals & percentages

The amount of an investment will double in approximately 70/ p years…

The amount of an investment will double in approximately 70/ p years, where p is the percent interest, compounded annually. If Thelma invests $ 60,000 in a long-term CD that pays 5 percent interest, compounded annually, what will be the approximate total value of the investment when Thelma is ready to retire 42 years later?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #57700

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