Question: Find the time it takes for $ 6 , 6 0 0 to double when invested at an annual interest rate of 3 . 7
Find the time it takes for $ to double when invested at an annual interest rate of compounded continuously. Recall the the continuous compound interest formula is Give your answer to decimal places.
years
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
