How many years will it take for R10000 to double if it is invested at a rate of 12%, and interest is compounded every 3 months?
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Answer:Simple interest: A=P(1+in)
Compound interest: A=P(1+i)n
Simple depreciation: A=P(1−in)
Compound depreciation: A=P(1−i)n
Nominal and effective annual interest rates: 1+i=(1+
i(m)
m
)m
Step-by-step explanation:
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