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That's how it would be done mathematically, but because Neopets rounds the interest up every day, it would probably end up as being a bit less than that.
I tried to figure it out myself and got 3.432 years using the equation:
thanks, i got most of it from playing games. i never did like the stock market much. i have no patience for holding onto the stocks for them long enough to make money lol.
You were able to make 3.5 million neopoints. I am impressed. Did you gain it by the stockmarket.
yes its compounded daily. i tried to use the FV=P(1+r)^n equation, but i dont think its right for working it out
y' = 0.11y, where y' is the amount you get per year, y is the amount you have, and t is time (in years)
These are my banking details on an online game i play: