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 the investment will double in approximately 54/r years. If Joe's parents invested $5,000 in a long-term bond that pays 6 percent interest, compounded annually, what will be the approximate total amount of the investment 18 years later, when Joe is ready for college?

AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #46104