SOLUTION: how long will it take for 500 to double if it is invested at 6% anniual interest compouded continuously
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Question 926932: how long will it take for 500 to double if it is invested at 6% anniual interest compouded continuously
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
A = P e ^(rt),
A/P = e ^(rt)
.......
2 = e ^(.06t)
ln(2)/.06 = t = 11.5525 yrs
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