Question

a account earns 7% compounded quarterly. how long will it take for this amount to double?

Answer 1

\[1.07^{n}=2\]
Solve for n (number of quarters)

Answer 2

using
A= P(1+ R/M)^MT
?

Answer 3

Where
P is the initial value of the account,
A its final value
R/M the quarterly rate
MT the number of quarters
A=2P
R/M=0.07

Answer 4

i know that.............................................. but thank you anyways :)