Mathematics, 30.01.2020 10:43 jessica2138

How long will it take for the balance of an account to double if the savings account earns 0.75% annual interest compounded monthly?
hint: set up the problem using the formula: a=p(1+r/n )^nt.

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How long will it take for the balance of an account to double if the savings account earns 0.75% annual interest compounded monthly? hint: set up the problem using the formula: a=p(1+r/n )^nt.

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Another question on Mathematics

How long will it take for the balance of an account to double if the savings account earns 0.75% annual interest compounded monthly?
hint: set up the problem using the formula: a=p(1+r/n )^nt.