Sam invests a sum of money into an account that pays 3% compound interest per annum.
Work out after how many years Sam will have doubled his investment.
Give your answer as a whole number of years.
I wasn't sure about this question. I've been doing compound interest recently and have understood it perfectly. I have a great teacher, but ended up stuck on the last question.
Work out after how many years Sam will have doubled his investment.
Give your answer as a whole number of years.
I wasn't sure about this question. I've been doing compound interest recently and have understood it perfectly. I have a great teacher, but ended up stuck on the last question.