when working with compound interest does doubling the time of an investment double the amount of interest earned? explain with w
ords and an example.
1 answer:
Por exemplo, um capital de US$ 600,00
taxa de juros = 2% ao mês
Montante: M = C*(1+i)^t
M = 600*(1+0,02)^2
M = 600*(1,02)^2
M = 600*1,0404
M = 624,24
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