Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

if a sum borrowed under compound intrest doubles itsef in 10 years, when will it become four fold?

Sagot :

AL2006
If the original investment doubled in 10 years, then double the investment
will double again in the next 10 years.  Thus, in 20 years, the original sum
would have increased fourfold.