How many years would it take an amount of money to double if it is invested at a rate of 8% compounded continuously

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asked Mar 19, 2023 178k views

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Edward Clements · Answer 1 · 2023-03-25T04:59:26+0000

Answer:nine years

Explanation:The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

How many years would it take an amount of money to double if it is invested at a rate of 8% compounded continuously

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answer

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about 10 years above

carry on learning about the best time

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