Ask your own question, for FREE!
Mathematics 17 Online
OpenStudy (anonymous):

To find out how long it will take for $500 to double when invested at 4% annual interest compounded twice a year, you solve the following equation: 1000 = 500 (1 + ) 2t.

OpenStudy (anonymous):

Total = Principal(1+rate/compound)^(compound*time)

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!