Find how long it takes $2000 to double if it is invested at 7% interest compounded semiannually.

Use the formula

A=P ( 1- r/n) nt to solve the compound interest problem

It will take approximately ????? years

Find how long it takes $2000 to double if it is invested at 7% interest compounded semiannually.

Use the formula

A=P ( 1- r/n) nt to solve the compound interest problem

It will take approximately ????? years

Tutors, please sign in to answer this question.

Winter Park, FL

I answered on the other question you asked. Double-check the formula you put here, as I think it needs a plus sign, in the parentheses.

Also, use the other problem to guide you through this one. I hope you'll share your work, so we can help you through this one if you get stuck. :)

Jason L.

Top scoring professional SAT and ACT tutor; Practicing Attorney

Livingston, NJ

5.0
(8 ratings)

Sean B.

Talented Math and SAT tutor for all

New York, NY

5.0
(18 ratings)

Larry G.

Algebra/Geometry/SAT Tutor

Bronx, NY

4.9
(138 ratings)

- Math Help 3983
- Math 6772
- Math Word Problem 2815
- Finite Mathematics 482
- Math Problem 735
- Probability 1068
- Probability & Statistics 553
- Math Question 634
- Algebra Help 868
- Math Equations 856

Find a tutor fast. Get the app.

Are you a tutor? Get the app for tutors

© 2005 - 2016 WyzAnt, Inc. - All Rights Reserved