Question
You have $100 to invest. If you can earn 12% interest, about how long does it take for your $100 investment to grow to $200?
You have $100 to invest. If you can earn 12% interest, about how long does it take for your $100 investment to grow to $200? Suppose the interest rate is just half that, at 6%. At half the interest rate, does it take exactly twice as long to double your money? Why or why not? How long does it take?
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Benchmarking Islamic Finance
Authors: Mohd Ma'Sum Billah
1st Edition
0367546469, 978-0367546465
