185k views
2 votes
How long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer to two decimal places.)?

1 Answer

3 votes
assumed
PW as 100
FW as twice PW as 200

answer is 7.27254 years

manually take the log of both sides and solve for n
How long will it take an investment to double in value if the interest rate is 10% compounded-example-1
User Afas
by
7.1k points