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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?
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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
5.0k points

1 Answer

1 vote

Answer:

t = ln2/0.075

t = 9.24 years.

hope this helps

User Rushikesh Bharad
by
5.2k points
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