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How much time will a certain sum be1.5 times the principle at the rate of 10 percent anun?
Wiki User
∙ 13y ago
At 10% simple interest (no compounding), $100 becomes $150 after 5 years.
At 10% compounded annually, $100 is $146.41 at the end of 4 years, and $161.05
at the end of 5 years. If 10% simple interest is paid continuously throughout the
year without compounding, then the $146.41 hits $150 at 89 days into the 5th year.
Wiki User
∙ 13y ago
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