Lemma
MediumDecimals & percentages
AQuA-RAT train #17389 · Arithmetic · Decimals & percentages

If money is invested at r percent interest, compounded annually, the amount…

If money is invested at r percent interest, compounded annually, the amount of investment will double in approximately 70/r years. If Pat's parents invested $ 5000 in a long term bond that pays 4 percent interest, compounded annually, what will be the approximate total amount of investment 36 years later, when Pat is ready for college?

~8 minAnswer checked instantly

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #17389

Stuck? A gentle nudge

No hints for this one.

Something off?
Workspace
Your answer

Checked against the answer in AQuA-RAT.