The rate of interest
and principle amount is
.
The compound interest can be calculated by the equation
.
Where
is number of times interest compounded in an year.
The amount is doubled in
years.
The amount
.
(a)
\For annually compounded interest:
\Substitute
,
,
and
.
Take natural logarithm on both sides.
\
(b)
\For monthly compounded interest :
\Substitute
,
and
and
.

Take natural logarithm on both sides.
\



(c)
\For daily compounded interest :
\Substitute
,
and
and
.
Take natural logarithm on both sides.
\

(d)
\For continously compounded interest :
\For compounded continously
.
Substitute
and
and
.

Take natural logarithm on both sides.
\
(a) For annually compounded interest time is
.
(b) For monthly compounded interest time is
.
(c) For daily compounded interest time is
.
(d) For continously compounded interest time is
.