How many years will it take for R10000 to double if it is invested at a rate of 12%, and interest is compounded every 3 months?

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How many years will it take for R10000 to double if it is invested at a rate of 12%, and interest is compounded every 3 months?

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Natalia 3 weeks 2021-10-08T05:04:23+00:00 1 Answer 0 views 0

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    2021-10-08T05:06:11+00:00

    Answer:Simple interest: A=P(1+in)

    Compound interest: A=P(1+i)n

    Simple depreciation: A=P(1−in)

    Compound depreciation: A=P(1−i)n

    Nominal and effective annual interest rates: 1+i=(1+

    i(m)

    m

     

    )m

    Step-by-step explanation:

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