SOLUTION: How long it will take for an investment of 2000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously?
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Question 634313: How long it will take for an investment of 2000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously?
Found 2 solutions by graphmatics, MathTherapy:
Answer by graphmatics(170) (Show Source): You can put this solution on YOUR website!
2000+.08n2000=4000
.08n2000=2000
n=1/.08
n=12.5
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
How long it will take for an investment of 2000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously?
, or years
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