Register

How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously

How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously
128k views
0 votes
How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously

User Lvca
by
8.4k points

1 Answer

0 votes
For this example we will calculate $100 becoming $400
Years = natural log (Total / Principal) / rate
Years = natural log (400 / 100) / .056
Years = natural log (4) / .056
Years = 1.3862943611 / .056
Years = 24.7552564482
(Roughly 24 (3 / 4) years)



How long will it take any investment to quadruple if it earns 5.6% interest, compounded-example-1
User Justin Cherniak
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!