152k views
1 vote
How long will it take for an investment to​ double, if interest is compounded continuously at 7​%?

User Real World
by
8.3k points

1 Answer

6 votes

Answer:

We don't know the initial value of the principal but we do know that the accumulated value is double (twice) the principal. It takes 9.9 years for money to double if invested at 7% continuous investment

User Aron Asztalos
by
8.2k points