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Find the time it takes for $9,900 to double when invested at an annual interest rate of 18%, compounded continuously. years Find the time it takes for $990,000 to double when invested at an annual interest
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Find the time it takes for $9,900 to double when invested at an annual interest rate of 18%, compounded continuously.

years

Find the time it takes for $990,000 to double when invested at an annual interest rate of 18%, compounded continuously.
years

Give your answers accurate to 4 decimal places.

User Daniel Gray
by
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1 Answer

5 votes

Answer: Find the LCM of both numerators then you’ll find the compounded interest rate if 18.2493

Explanation:

User Arnold Brown
by
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