Mathematics, 02.06.2021 18:40 Elency
A sum of money is invested at 12% compounded quarterly. About how long will it take for
the amount of money to double?
Compound interest formula: V(t)-P
- P(1+5)**
t = years since initial deposit
n = number of times compounded per year
rannual interest rate (as a decimal)
p = initial (principal) investment
V(t) = value of investment after t years
Answers: 3
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A sum of money is invested at 12% compounded quarterly. About how long will it take for
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