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How long will it take for an investment to double in value if it earns 10.5% compounded continuously?

How long will it take for an investment to double in value if it earns 10.5% compounded continuously?
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How long will it take for an investment to double in value if it earns 10.5% compounded continuously?

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User Rickroyce
by
8.2k points

1 Answer

2 votes
Hi there
The formula to double in value
2=e^(0.105×t)
Solve for t
T=(log(2)÷log(e))÷0.105
T=6.6 years

Good luck
answered
User Ian Will
by
9.0k points
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