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FromTheMoon [43]

3 years ago

15

How long does it take for an investment to double in value if it is invested 8% per annum compounded monthly? Compounded continu

ously? It's number 29.

1 answer:

Fynjy0 [20]3 years ago

8 0

2p=p(1+0.08/12)^12t
T=[log(2)/log(1+0.08/12)]/12
T==8.7 years

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Goshia [24]

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<u>As KL║JM and JL is transversal, we already have:</u>

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3 years ago