Question
What percentage compound interest rate (to 20) will table of an investment of over a period of 5 years? (show working please)
Answers
bobpursley
huh? "Table" and investment?
Damon
Maybe you mean triple?
if so
3 = (x)^5
log 3 = 5 log x
log x = .095424
x = 1.2457
so
24.6 %
if so
3 = (x)^5
log 3 = 5 log x
log x = .095424
x = 1.2457
so
24.6 %