document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=310262>Question 310262</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how long would it take a money to double if it is invested at 7 % compounded daily? 8.3 % compounded continuously ??  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #221852 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=221852\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">     how long would it take a money to double if it is invested at 7 % compounded daily? 8.3 % compounded continuously ?? <BR>\n" );
document.write( ".<BR>\n" );
document.write( "Continuous compound equation:<BR>\n" );
document.write( "A = Poe^(rt)<BR>\n" );
document.write( "where<BR>\n" );
document.write( "A is amount at time t<BR>\n" );
document.write( "Po is initial amount <BR>\n" );
document.write( "r is rate or interest<BR>\n" );
document.write( "t is time<BR>\n" );
document.write( ".<BR>\n" );
document.write( "Let x = initial investment<BR>\n" );
document.write( "2x = xe^(.083t)<BR>\n" );
document.write( "2 = e^(.083t)<BR>\n" );
document.write( "ln(2) = .083t<BR>\n" );
document.write( "ln(2)/.083 = t<BR>\n" );
document.write( "8.35 years = t<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );