document.write( "Question 207168: maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double?
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Algebra.Com's Answer #156616 by jojo14344(1513)\"\" \"About 
You can put this solution on YOUR website!

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\n" ); document.write( "If interest is continously compounded, then we use the formula,
\n" ); document.write( "\"F=Pe%5E%28rt%29\"
\n" ); document.write( "where\"system%28F=Future=1200%2C+P=present=600%2C+r=rate=0.0564%2C+t=time_in_years%29\"\r
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\n" ); document.write( "\n" ); document.write( "Then,
\n" ); document.write( "\"1200=600e%5E%280.0564%2At%29\" ---> \"cross%281200%292%2Fcross%28600%29=cross%28600%29e%5E%280.0564%2At%29%2Fcross%28600%29\"
\n" ); document.write( "\"2=e%5E%280.0564%2At%29\"
\n" ); document.write( "\"ln2=0.0564%2At\" ---> \"ln2%2F0.0564=cross%280.0564%29t%2Fcross%280.0564%29\"
\n" ); document.write( "\"highlight%28t=12.29yrs%29\", Answer or 12 yrs, 3 mos. & 14 days\r
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\n" ); document.write( "\n" ); document.write( "Thank you,
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