SAlston79
Dec 1, 2009, 09:03 PM
How long will it take $1.00 to double if invested at a rate of 10%
harum
Dec 1, 2009, 09:50 PM
It can be done on a calculator: n=ln2/ln(1.1)
Unknown008
Dec 1, 2009, 10:58 PM
You already have the equation:
2 = 1(1.1)^n
You only need to make n the subject of formula and use your calculator to find the value of n.