Students were requested to answer a question at schools and to state what is most important for them to succeed. The one that response stood out from the rest was practice. Successful people commonly not born successful; they become successful through hard work and persistence. If you would like to complete your goals, keep this in mind! the following are one of the answer and question example that you would certainly work with to practice and enhance your knowledge and also give you insights that may guide you to sustain your study in school.
If the interest earned by a cd is compounded quarterly which rule is most accurate when calculating how long it will take the money invested in the cd to double
If the interest earned by a cd is compounded quarterly and the money invested is doubled after a certain time. So, we are given an interest rate, an initial amount and a final amount.
First, convert the interest rate to per yer compounded yearly. Next, use this formula to solve for the number of years to double the amount:
F = P (1+i)^n
From the answer and question examples above, hopefully, they could simply help the student handle the question they had been looking for and take note of every detail declared in the answer above. You could certainly then have a discussion with your classmate and continue the school learning by studying the topic alongside one another.