Kaisyn7344 Kaisyn7344

18-06-2017
Business

contestada

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

Respuesta :

Aliwohaish12 Aliwohaish12

19-06-2017

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

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