Use Compound interest formula A=P(1+i)^n to find n. And then rounded to the the nearest larger integer. A=2P; i=0.23; n=? So, when I solved this question I am getting a 3.348307909 Finally answer is n=3, since there isn't larger number next to it to rounded to, However, my math textbook specificied that the answer is n=4, why is that can you explain to me step by step because I am confused.
Use Compound interest formula A=P(1+i)^n to find n. And then rounded to the the nearest larger integer. A=2P; i=0.23; n=? So, when I solved this question I am getting a 3.348307909 Finally answer is n=3, since there isn't larger number next to it to rounded to, However, my math textbook specificied that the answer is n=4, why is that can you explain to me step by step because I am confused.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Use Compound interest formula A=P(1+i)^n to find n. And then rounded to the the nearest larger integer.
A=2P; i=0.23; n=?
So, when I solved this question I am getting a 3.348307909
Finally answer is n=3, since there isn't larger number next to it to rounded to, However, my math textbook specificied that the answer is n=4, why is that can you explain to me step by step because I am confused.
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