SOLUTION: How long does it take for a deposit of $ 900 to double at 4​% compounded​ continuously?
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Question 1057983: How long does it take for a deposit of $ 900 to double at 4% compounded continuously?
Answer by solve_for_x(190) (Show Source): You can put this solution on YOUR website!
The doubling time can be found from:
t = ln(2) / rate
with the rate expressed as a decimal.
With a rate of 4% = 0.04, the doubling time would be:
t = ln(2) / 0.4 = 17.32 years
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