113k views
5 votes
Find how many years it takes for money to quadruple when invested at an annual interest rate of 1.8% compounded continuously.

1 Answer

5 votes

Answer:

It takes 38.5 years for money to quadruple when invested at an annual interest rate of 1.8% compounded continuously.

User SemperAmbroscus
by
7.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.