Find out how long it takes a $2900 investment to double if it is invested at 9% compounded quarterly. Round to the nearest tenth of a year.

7.8 years

Step-by-step explanation:

Formula

we have

Which rounds to

7.8

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d) by the cross product property, ab^2 = bc multiplied by ad

step-by-step explanation:

we are given

in the given triangle abc

angle a is 90° and segment ad is perpendicular to segment bc

we can see that

triangle(abc) and triangle(abd) are similar because they have common side and same angle (90 degree)

so, triangles(abc) and abd are similar

since, they are similar

so, the ratio of their sides must be equal

we get

now, we can cross multiply

and we get

so, this could be step to prove it