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Popular Word Problems >

how long will it take R1000 at 10% p.a compounded weekly to double itself

Solution

h o w l o n g w i ll i t t ak e R 1000 a t 10% p . a co m p o u n d e d w ee k l y t o d o u b l e i t se l f

Solution

Amount after addition : 1100

Solution steps

Translate the problem into an equation:

x = 1000 + 0.1 \cdot 1000

x = 1000 + 0.1 \cdot 1000 : x = 1100

Amount after addition : 1100

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