How long before the investment doubles

Reference no: EM131781590

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?

Reference no: EM131781590

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