Given:
The interest rate is 3.75%
The time taken for an investment to double is calculated as,
[tex]\begin{gathered} A=Pe^{rt} \\ A=2P,r=\frac{3.75}{100} \\ 2P=Pe^{0.0375t} \\ t=\frac{\ln(2)}{0.0375} \\ t=18.484 \end{gathered}[/tex]Answer: The amount of time it wpould take for for an investment to double is approximately 18.484 years.
