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Mathematik-Online problems:

Problem 908: Balance of Bank Account

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A deposit of $ 1000 is made in a bank account which earns interest at an annual rate of 4%. How long it will take for the balance to double if the interest is compounded:
(a)
continuously.
(b)
annually.
(c)
quarterly.
(d)
daily.
(Author: Rafee )

Solution:

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  automatisch erstellt am 24. 10. 2007