7,500 with 00.01% compunded daily how long will it take to get 14,000

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# 7,500 with 00.01% compunded daily how long will it take to get 14,000

how do i figure out how long it will take?

## Research, Knowledge and Information :

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2 instead of 5: 34/5 can be calculated by multiplying 34 by 2 instead of dividing by 5. 34*2=68. We just move the decimal point one place to the left: 34/5=6.8. 124/5=24.8 because 124*2=248. Move the decimal point: 248 becomes 24.8. 34*5 is the same as 34/2=17 but we add a zero to make 17 into

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### 7,500 with 00.01% compunded daily how long will it take to get 14,000

start \$=7,500\$, want=14,000\$, kompound daely at 0.01% end/start=14000/7500=1.86666666 (end/start)=[1+%/n]^nt n=365 daes/yeer 0.01%=0.0001 %/365=0.0001/365=0.0000002739726 (1.00000027397)^365t=1.866666 take log av both sides...365t*log(1.0000002739)=log(1.86666) t=(1/365)*log(1.8666)/log(1.00

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