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If $500 is invested at 4%,compounded countinually, how long until the account balance is doubled

If $500 is invested at 4%,compounded countinually, how long until the account balance is doubled
asked 139k views
14 votes
If $500 is invested at 4%,compounded countinually, how long until the account balance is doubled

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User Seek
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8.4k points

1 Answer

7 votes
It’s usually takes a compound interest of 4%
4 and 1/2 years
answered
User Keroles Monsef
by
8.6k points
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