document.write( "Question 140737: An investor with interest compounded continuously doubled in 15yr. What is the interest rate? \n" ); document.write( "
Algebra.Com's Answer #102573 by edjones(8007) You can put this solution on YOUR website! A=balance in account with principal P annual interest rate r and time in years t. \n" ); document.write( "Let P=1 \n" ); document.write( "A=Pe^(rt) \n" ); document.write( "2=e^15r \n" ); document.write( "ln(2)=15r Take ln of both sides. Since the ln(e^15r)=15r \n" ); document.write( "r=ln(2)/15 \n" ); document.write( "4.621...% \n" ); document.write( ". \n" ); document.write( "Ed \n" ); document.write( " \n" ); document.write( " |