Register
How long will it take for an investment of $2000 to double in value if the interest rate is 7.25% per year, compounded continuously?
94.9k views
5 votes
How long will it take for an investment of $2000 to double in value if the interest rate is 7.25%

per year, compounded continuously?

User LinFelix
by
4.8k points

1 Answer

1 vote

Answer:

t = ln2/0.075

t = 9.24 years.

hope this helps

User Rushikesh Bharad
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Can someone help me with 5??? ASAP?
Solve for h 3h=7(2/7-3/7h)-10
Link Copied!