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How long will it take for an investment that is earning 12.0% interest (compounded continuously) to double in value?
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How long will it take for an investment that is earning 12.0% interest (compounded continuously) to double in value?

User Cap
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1 Answer

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We''ll use $100 and $200 for the investment amounts.
Using the attached formula,
Years = natural log (200 / 100) / .12
Years = natural log (200 / 100) / .12
Years = 0.69314718056 / .12
Years = 5.7762265047

About 5.78 years


How long will it take for an investment that is earning 12.0% interest (compounded-example-1
User Ajinkya Kulkarni
by
8.4k points
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