document.write( "Question 347393: A woman deposits $50,000 in a savings account with 4% continuously compounded interest. How many years must she wait until the balance has doubled?
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Algebra.Com's Answer #248590 by nyc_function(2741) You can put this solution on YOUR website! 2 = e^.04t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "LN2 = LNe^.04t = .04t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "t = LN2/.04 = 17.33 yrs\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "NOTE: LN = natural log \n" ); document.write( " \n" ); document.write( " |