Thor invests $750 in an account, with interest compounded continuously. If his investment doubles in value after 9 years, how much money will he have after 12 years?

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asked Sep 11, 2018 164k views

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Nthalk · Answer 1 · 2018-09-14T08:31:17+0000

I think the answer would be somewhere around $1999.9995 because but im not good with interest rates but 9 and 12 have a common denominator of 3 then I divided by 100 to get .3 and times 1500 to get 499.9995 then added that to 1500.

Thor invests $750 in an account, with interest compounded continuously. If his investment doubles in value after 9 years, how much money will he have after 12 years?

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