When working with compound interest does doubling the time of an investment double the amount of interest earned? explain with words and an example.

Question

Mathematics

Dillan Winters

25 March, 12:55

When working with compound interest does doubling the time of an investment double the amount of interest earned? explain with words and an example.

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Talia Randall · Answer 1

Por exemplo, um capital de US$ 600,00

taxa de juros = 2% ao mês

Montante: M = C * (1+i) ^t

M = 600 * (1+0,02) ^2

M = 600 * (1,02) ^2

M = 600*1,0404

M = 624,24