Question

Ben invested an amount of money at 5.2% per annum compound interest.?
Calculate the number of years after which the value of his investment had doubled,

Answer 1

@Nnesha
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Answer 2

@babyblue123

Answer 3

@Jensen

Answer 4

@AkashdeepDeb

Answer 5

\[A = P(1 + \frac{R}{100})^T\]

R = 5.2

A = 2P [Because the amount doubles]

Find T. :D

Answer 6

can u solve it please @AkashdeepDeb
i stopped at 2=(1.052)^t but i don't know what to do next??

Answer 7

Do you have a calculator?

Answer 8

And do you know what are logarithms by any chance? ;-)

Answer 9

yes i do
but i didn't take logarithms so if there is any other method??