Find the time taken to double your savings if you earn 6.4 percent interest, compounded annually.?

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23 Mar 2023

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Harry wishes to invest 2800 into a savings account at his bank. His bank offers an interest rate of 5.96, compounded semi annually.
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ambersalmon953

Harry wishes to invest $2800 into a savings account at his bank.His bank offers an interest rate of 5.96%, coumpounded semi annually. Harry's friend Ida invest $2000 into a savings account at her bank. The bank offers her an interest of 7%, compounded semi annually. After how many years will Ida's investment be worth as much as Harry's?