A $1,000 investment has doubled to $2,000 in seven years. How much longer will it take for the investment to reach $5,000 if it continues to earn the same rate?
A) 6.16 years
B) 6.86 years
C) 7.15 years
D) 9.25 years

Question

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The Answer of A $1,000 investment has doubled to $2,000 in seven years. How much longer will it take for the investment to reach $5,000 if it continues to earn the same rate?
A) 6.16 years
B) 6.86 years
C) 7.15 years
D) 9.25 years

A $1,000 Investment Has Doubled to $2,000 in Seven Years