compound interest?
starting with $1.00 and increasing the compounding total by 1% daily, how long before the amount doubled?
starting with $1.00 and increasing the compounding total by 1% daily, how long before the amount doubled?
Anonymous
Use the formula I = PRT
0.01 = $1.00RT, since we don't have a rate lets just assume it's 1 now you just solve for T.
So T = 100 days.