SOLUTION: A woman deposits $50,000 in a savings account with 4% continuously compounded interest.How many years must she wait until her balance has doubled?

SOLUTION: A woman deposits $50,000 in a savings account with 4% continuously compounded interest.How many years must she wait until her balance has doubled?

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Question 182285: A woman deposits $50,000 in a savings account with 4% continuously compounded interest.How many years must she wait until her balance has doubled?
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
ln(2)/.04=17.32 years
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