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How long it will take for an investment of 3000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously
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31 votes
31 votes
How long it will take for an investment of 3000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously

User Majid Basirati
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1 Answer

18 votes
18 votes

Answer:

8.66435 years

Step-by-step explanation:

With no annual or monthly contribution, and no inflation, it'll take around this long.

User Xhark
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