If I deposit $10000 at a compound interest of 5% in how many years it will double

The question on calculating period for compound interest rate
in Word Problem Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

5% per yeer interest, kompound evree yeer:

1.05^x=2

log(1.05^x)=log(2)

x*log(1.05)=log(2)

x=log(2) / log(1.05)

=0.30102995/0.021189299

=14.206699 yeers

or bout 14.2 yeers
by

Related questions

1 answer
find the amount in the compound interest account
asked Dec 6, 2016 in Other Math Topics by Victoria | 1.4k views
1 answer
simple compound interest
asked Feb 8, 2014 in Word Problem Answers by anonymous | 822 views
1 answer
Compound Interest question
asked Sep 3, 2013 in Calculus Answers by Christel | 880 views
1 answer
compound interest
asked Apr 30, 2013 in order of operations by anonymous | 1.1k views
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!

Most popular questions within the last 3000 days

  1. 50+50-25X0+2+2= (19)
  2. it takes 10 road workers 5 days to complete a road repair when working 2 hours a day.Working at the same pace,how many days will it take 2 people working 5 hours a day to finish it? (3)
  3. Solve 15 -1(12÷4+1)? (4)
  4. 8:4(5+2) (3)
  5. How can i represent 1/3; 3/3; 7/3; 10/3 and 15/3 on a number line? (1)

Most popular tags

87,516 questions
100,279 answers
2,420 comments
732,258 users