document.write( "Question 375186: How many years would it take $1000.00 invested in an account paying 4.5% compounded continously to grow to $2000.00. Can you please show how you got the answer. Thanks \n" ); document.write( "

Algebra.Com's Answer #266817 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"F=P%281%2Bi%29%5Et\"$
\n" ); document.write( " $\"2000=1000%281%2B0.045%29%5Et\"$
\n" ); document.write( " $\"2=%281.045%29%5Et\"$
\n" ); document.write( " $\"t=log%281.045%2C%282%29%29\"$
\n" ); document.write( " $\"highlight%28t=log%28%282%29%29%2Flog%28%281.045%29%29%29\"$
\n" ); document.write( "or approximately,
\n" ); document.write( " $\"t=15.75\"$ years
\n" ); document.write( " \n" ); document.write( "

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