Question: Okay, so with the below I managed to come up with 19.5 years. Not sure I'm doing this correctly though. Help please! Suppose $2,800 is

Okay, so with the below I managed to come up with 19.5 years. Not sure I'm doing this correctly though. Help please!

Okay, so with the below I managed to come up with 19.5

Suppose $2,800 is invested in an account at an annual interest rate of 3.7% compounded continuously. How long (to the nearest tenth of a year) will it take the investment to double in size? '

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!