SOLUTION: Find the time it takes for $980,000 to double when invested at an annual interest rate of 10%, compounded continuously. Round your answer to 4 decimal places.

Algebra.Com
Question 1088804: Find the time it takes for $980,000 to double when invested at an annual interest rate of 10%, compounded continuously. Round your answer to 4 decimal places.
Answer by Fombitz(32388)   (Show Source): You can put this solution on YOUR website!






RELATED QUESTIONS

Find the time it takes for $7,000 to double when invested at an annual interest rate of... (answered by solver91311)
Find the time it takes for $610,000 to double when invested at an annual interest rate of (answered by greenestamps)
Find the time it takes for $9,800 to double when invested at an annual interest rate of... (answered by mathmate)
Find the time is takes for $6,100 to double when invested at an annual interest rate of... (answered by greenestamps)
Find the time it takes for $5,400 to double when invested at an annual interest rate of... (answered by mananth)
Please help me the answer I came up with for these problems are 6.9315year. What am I... (answered by Alan3354)
find the length of time for $25000 to triple when it is invested at 8% annual interest... (answered by stanbon)
Find the balance (to the nearest cent) if 24, 000 is invested at an annual interest rate... (answered by stanbon)
Determine the time necessary for $3000 to double if it is invested at an interest rate of (answered by scott8148)