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LOGARITHMS Interest on an amount invested at 7.2% p.a. is compounded twice a month. a) express this as an equivalent percent growth. b) by what

LOGARITHMS

Interest on an amount invested at 7.2% p.a. is compounded twice a month.

a) express this as an equivalent percent growth.

b) by what factor will an amount increase after 3 years?

c) How long to double?

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