compound interest formula: $v(t)=p(1 + \\frac{r}{n})^{nt}$\nhow long does it take to double a $1,000…

compound interest formula: $v(t)=p(1 + \\frac{r}{n})^{nt}$\nhow long does it take to double a $1,000 investment that pays 6.5% annual interest, compounded monthly?\nwhich equation can you use to solve this problem?\n$1000=(1+\frac{0.065}{12})^{t}$\n$2=(1+\frac{0.065}{12})^{12t}$\n$2=(1+\frac{6.5}{12})^{12t}$

compound interest formula: $v(t)=p(1 + \\frac{r}{n})^{nt}$\nhow long does it take to double a $1,000 investment that pays 6.5% annual interest, compounded monthly?\nwhich equation can you use to solve this problem?\n$1000=(1+\frac{0.065}{12})^{t}$\n$2=(1+\frac{0.065}{12})^{12t}$\n$2=(1+\frac{6.5}{12})^{12t}$

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