Question: Find the time i t takes for $ 6 , 8 0 0 t o double when invested a t a n annual interest rate

Find the time it takes for $6,800to double when invested atan annual interest rate of10%, compounded
continuously.
years
Find the time it takes for $680,000to double when invested atan annual interest rate of10%, compounded
continuously.
years
Give your answers accurate to4 decimal places.
Find the time i t takes for $ 6 , 8 0 0 t o

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!