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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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  1. 25 March, 16:16
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    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
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