If Tanisha has $100 to invest at 8% per annum compounded monthly, how long will it be

Question:

If Tanisha has $100 to invest at 8% per annum compounded monthly, how long will it be before she has $150? If the compounding is continuous, how long will it be?

Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...

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