if your investment appreciates in value by 10% each year, how long will it take for a 100% increase?
(give your answer in years and months to nearest month)
how would i go about doing this?
(give your answer in years and months to nearest month)
how would i go about doing this?
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2 = 1.1^x
ln(2) = x * ln(1.1)
x = ln(2) / ln(1.1)
x = 7.27254089734171908331990367496
ln(2) = x * ln(1.1)
x = ln(2) / ln(1.1)
x = 7.27254089734171908331990367496
-
100/10
10 years.
10 years.