Yefim S. answered 01/25/22
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2P = Pe0.07t; 2 = e0.07t; 0.07t = ln2; t = ln2/0.07 = 9.9 years
Mmm A.
asked 01/25/22How long would it take to double your principal at an annual interest rate of 7% compounded continuously?
Yefim S. answered 01/25/22
Math Tutor with Experience
2P = Pe0.07t; 2 = e0.07t; 0.07t = ln2; t = ln2/0.07 = 9.9 years
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Mmm A.
thankyou01/25/22