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how to solve double compound interest. R AP 1nt - 1 n 2 1 3655 - 1 365 013865 1387 per annum. Compound It Compound Frequency Annually Semiannually Monthly Daily.
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At 3 annual interest it will take approximately 231 years to double your money. Calculate Principal Amount solve for P P A 1 rn nt. Divide each side by log 10025.
FV PV x 1 rateyears In this case we can plug our present value PV 1000 the future value that were interested in FV 3000 and the interest rate 005 the decimal form of 5 into this equation to figure out how many years its going to take.
Well the compound interest formula says that. The table given below lists the values of an initial investment P Re. If you get 72 youve got a combination of factors that will approximately double your money. A P 1 rn nt.
