Patrick B. answered 07/28/20
Tutor
4.7
(31)
Math and computer tutor/teacher
2 = exp(0.07t)
ln 2 = 0.07 t
t = ln2 / 0.07
9.9021025794277901345318874494025
Jenifer K.
asked 07/27/20How long does it take for $2075 to double if it is invested at 7% compounded continuously? Round your answer to two decimal places, if necessary.
Patrick B. answered 07/28/20
Math and computer tutor/teacher
2 = exp(0.07t)
ln 2 = 0.07 t
t = ln2 / 0.07
9.9021025794277901345318874494025
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