Compound interest if 10000 is invested at 1 per month the
Question: Compound interest if $10,000 is invested at 1% per month, the future value S at any time t (in months) is given by S = 10,000(1.01)t.
(a) What is the amount after 1 year?
(b) How long before the investment doubles?
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question compound interestnbspif 10000 is invested at 1 per month the future value s at any time t in months is given
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