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How long will it take for an investment of $2000 to double in value if the interest rate is 7.25% per year, compounded continuously?

How long will it take for an investment of $2000 to double in value if the interest rate is 7.25% per year, compounded continuously?
asked 94.9k views
5 votes
How long will it take for an investment of $2000 to double in value if the interest rate is 7.25%

per year, compounded continuously?

asked
User LinFelix
by
7.7k points

1 Answer

1 vote

Answer:

t = ln2/0.075

t = 9.24 years.

hope this helps

answered
User Rushikesh Bharad
by
7.9k points
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