Courtney L.

asked • 08/08/18

math problem

Find the time it takes for $6,600 to double when invested at an annual interest rate of 19%, compounded continuously.
 
_______ years?
 
 
Find the time it takes for $660,000 to double when invested at an annual interest rate of 19%, compounded continuously.
 
________years?
 

1 Expert Answer

By:

Lauren H. answered • 08/08/18

Tutor
4.8 (24)

Experienced High School Chemistry Teacher

Lauren H.

I think I remembered how to do this...
 
2 = e^.19t
ln 2 = .19t
.69314718 = .19t
t = 3.65 years
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08/08/18

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