SOLUTION: At an annual rate of 8% compounded continuously, in how many years would it take for a principal to double
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Question 918218: At an annual rate of 8% compounded continuously, in how many years would it take for a principal to double
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A = P e ^(rt),
t = ln(A/P)/.08
t = ln(2)/.08
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