Math, asked by minalminu95, 6 months ago

5. At what rate of interest is an amount doubled in two years, when compounded
annually? *

Answers

Answered by freedarajesh2003

Answer:

Step-by-step explanation:

Feb 10, 2017 — your looking for initialAmount * rate * rate = 2 *initial amount. ... log(2) to make it easy, let's choose log base 2 => log_2(r) = 1/2 => r = 2^.5 ~=... ... of money will be double itself in 2 years if the interest is compounded annually?

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