# SOLUTION: How long will it take to double my money at 8% interest rate and continuous compounding?

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 Click here to see ALL problems on Money Word Problems Question 125772: How long will it take to double my money at 8% interest rate and continuous compounding?Answer by stanbon(60778)   (Show Source): You can put this solution on YOUR website!How long will it take to double my money at 8% interest rate and continuous compounding? ----------- A(t)=Pe^(rt) Assume you have one dollar: P=1 When will you have two dollars? ------------------------ 2 = 1*e^(0.08t) Take the natural log of both sides? ln2 = 0.08t t = 8.66 years ==================== Cheers, Stan H.