For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest compounded quarterly? * O A. 4.56% B. 5.47% C. 13.06% D. 54%

Advanced Engineering Mathematics
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ISBN:9780470458365
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O i, ii, and ii
For a sum of P8000.00 to double itself in 12 years and 9 months, what must be
the rate of interest compounded quarterly? *
O A. 4.56%
B. 5.47%
C. 13.06%
D. 54%
A group of SLU Mathematics faculty members have been on vacation for so
long that they've forgolen the day of the week. The following conversation
ensues.
Transcribed Image Text:O i, ii, and ii For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest compounded quarterly? * O A. 4.56% B. 5.47% C. 13.06% D. 54% A group of SLU Mathematics faculty members have been on vacation for so long that they've forgolen the day of the week. The following conversation ensues.
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