A man has an investment of $3000 which yields a fixed 305 for every $500 invested. if the man takes out $12.6 for every $500 how long will it take for him to double his investment assuming no compounding of interest.
Choose the correct choice from the following choices.
A) 4	B) 33.8	C) 10	D) 30	E) 37.3
Annual increase is (500 + 30.5 - 12.6)*6= 
<gadget id="calculator">(500 + 30.5 - 12.6)*6</gadget>
<output>3_107.4</output>
3107.4   Hence every year there is an increase of 107.4   for his saving to double he needs additional $4000   therefore $4000/107.4=37.3   correct option is 37.3)37.3
<result>E</result>
A man has an investment of $3000 which yields a fixed 305 for every $500 invested. if the man takes out $12.6 for every $500 how long will it take for him to double his investment assuming no compounding of interest.