SOLUTION: Solve the problem. Use the appropriate formulas: A=P(1+r/n)^nt or A=Pe^rt You have money in an account at 10% interest, compounded monthly. To the nearest year, how long will it

Question 807012: Solve the problem. Use the appropriate formulas: A=P(1+r/n)^nt or A=Pe^rt
You have money in an account at 10% interest, compounded monthly. To the nearest year, how long will it take for your money to double?
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
You need to find t where
2A = A(1+0.1/12)^12t
2 = (1+0.1/12)^12t
If you need more help with this kind if questions, you can contact me now at:
mthman@gmail.com
Thanks

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