An investment compounds annually at an interest rate of 30% What is the smallest investment period by which time the investment will more than double in value? Choose the correct choice from the following answers
A) 3 B) 4 C) 5 D) 6 E) 7
1 year: 100/3 = 33.33 approx $34: Total: 134   2nd year: 134/3 = 45: Total: 134+45= 
<gadget id="calculator">134+45</gadget>
<output>179</output>
179   3rd year: 179/3= 60: Total: 179+60= 
<gadget id="calculator">179+60</gadget>
<output>239</output>
239 &gt; 2 (100)   ;3 years;   3NSWER:3
<result>A</result>
An investment compounds annually at an interest rate of 30% What is the smallest investment period by which time the investment will more than double in value?