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1Netzari
Lv 4
compound interest?
starting with $1.00 and increasing the compounding total by 1% daily, how long before the amount doubled?
1 Answer
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- Anonymous7 years ago
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.
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