Mathematics, 15.02.2020 01:47 1031kylepoe03
How long would it take to double your money in an account paying 3% compounded quarterly?
Answers: 2
= 3![n = \frac{log(A/P)}{(q log[1+(i/q)])}](/tpl/images/0512/1331/92426.png)
= 0.06![n = \frac{log(\frac{20}{10})}{(3 \times log[1+(\frac{0.03}{3})])}](/tpl/images/0512/1331/98552.png)
![n = \frac{0.3010}{3 \times log[1+ 0.01]}](/tpl/images/0512/1331/a92e4.png)
![n = \frac{0.3010}{3 \times log[1.01]}](/tpl/images/0512/1331/78e2a.png)
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