Mathematics, 30.05.2020 23:03 miko96

1)What is the interest rate if a deposit subject to annual compounding is doubled after 10 years?

2)How long will it take to double a capital attracting interest at 6% compounded daily?

3)Find the principal to be deposited initially in an account attracting simple interest at a rate of 8% if $1, 000 is needed after three months (91 days).

Answers: 3

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1)What is the interest rate if a deposit subject to annual compounding is doubled after 10 years?