SOLUTION: How long will it take money to double if it is invested at an interest rate of 6.5% compounded continuously

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Question 1163047: How long will it take money to double if it is invested at an interest rate of 6.5% compounded continuously
Answer by solver91311(24713)   (Show Source): You can put this solution on YOUR website!




If the money is doubled, then ,

So , but so solve



for .

Hint: Take the natural log of both sides.


John

My calculator said it, I believe it, that settles it
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