how many yrs will K9000 amount to K20,000 if its invested at 4.5% per year compound interest?

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2007-06-28 00:45:55 · 2 answers · asked by pethias 1 in Business & Finance ➔ Investing

The answer is 18.139 Years if invested in an account that compounds annually.

2007-06-28 02:46:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋

9000 (1+i)n=20000
(1+i)n = 20000/9000

Can you solve it from here?

2007-06-28 08:19:15 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋