4 ms·
Using A = P(1 + rt) and setting A = 2P and t = 10 gives r = 1/10 or 10% -- where is my math wrong?
by waynecochran 5y ago
Using A = P(1 + rt) and setting A = 2P and t = 10 gives r = 1/10 or 10% -- where is my math wrong?
- SavantIdiot 5y agoIt's exponential growth. (1.072)*(1.072)*(1.072)*(1.072)*(1.072)*(1.072)*(1.072)*(1.072)*(1.072)*(1.072) = ~2.00
- kpommerenke 5y agoIt should be A = P(1 + r)^t because of compounding.