Posted by **Amber** on Monday, April 1, 2013 at 12:34am.

If you deposit P dollars into a bank account paying an annual interest rate r, with n interest payments each year, the amount A you would have after t years is A=P(1+r/n)^nt. Kevin places $100 in a savings account earning 6% annual interest, compound quarterly. If Kevin adds no more money to his account, how long will it take his money to double?

## Answer this Question

## Related Questions

- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- Compound interest - Hello My teacher skipped over this and I have no clue how to...
- algebra - If x dollars is deposited every four weeks (13 times a year) into an ...
- Math - If 3000 dollars is invested in a bank account at an interest rate of 6 ...
- Calculus Please help! - If 7000 dollars is invested in a bank account at an ...
- Math - Please check my work, thank you If $7,800 is deposited into an account ...
- Calculus :) - If 8000 dollars is invested in a bank account at an interest rate ...
- pre algebra - At the beginning of the year 2000, Bob put $100 in a savings ...
- math - A bank account earns 10 percent interest compounded continously. What ...