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How long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer to two decimal places.)?

How long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer to two decimal places.)?
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How long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer to two decimal places.)?

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User Brandon Bearden
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8.3k points

1 Answer

3 votes
assumed
PW as 100
FW as twice PW as 200

answer is 7.27254 years

manually take the log of both sides and solve for n
How long will it take an investment to double in value if the interest rate is 10% compounded-example-1
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User Afas
by
8.5k points
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