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OpenStudy (anonymous):
Calculate the number of years for an investment of $100 to double at an interest rate of 7.2% for each compounding period. a) annually b) semi-annually c) monthly d) daily
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OpenStudy (anonymous):
You can do these questions I thought? At least make an attempt at it.
OpenStudy (anonymous):
a) 2000=1000(1+0.072/1)^1x
OpenStudy (anonymous):
right?
OpenStudy (anonymous):
Well if you are following the formula yes, now just use logrithms to solve for x and you are set
OpenStudy (anonymous):
https://www.wolframalpha.com/ I recommend using this site to play around with mathematics till you get the questions down
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