• markovs_gun@lemmy.world
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      3 months ago

      If you want to get real nerdy about it this works because the natural logarithm of 2 is ~0.69

      (1+i)^n = 2

      n log (1+i) = log 2

      n = log 2 / log (1+i)

      For small numbers, log(1+x) ≈ x

      n ≈ log 2/i

      log 2 ≈ 0.69

      n ≈ 0.69 / i

      n ≈ 69/100i

      Which is pretty close to 70/100i which is the approximation.