Inactive Tutor answered • 10/01/18
Tutor
New to Wyzant
2p = p(1 + 0.0275/4)4t
2 = (1.006875)4t
ln 2 = 4t (ln 1.006875)
0.6931 ≈ 4t (0.006851)
101.16 ≈ 4t
25.29 ≈ t
Becca K.
asked • 09/28/18Math question
how long will it take for your money to double if you invest it in an account that is compounded quarterly at 2.75% interest?
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