document.write( "Question 379322: How long does it take money to quadruple if it is invested at 10% compounded continously? \n" ); document.write( "
Algebra.Com's Answer #269327 by mananth(16946)![]() ![]() You can put this solution on YOUR website! How long does it take money to quadruple if it is invested at 10% compounded continously? \n" ); document.write( "... \n" ); document.write( "assume the principal p = 100 \n" ); document.write( "Amount at end of term = 400 \n" ); document.write( "rate = 10% \n" ); document.write( "number of years = n \n" ); document.write( "compound period = continuous \n" ); document.write( "... \n" ); document.write( "n = log(A/P)/(q log[1+(i/q)]) \n" ); document.write( "n= log(400/100)/(365*log(1+0.1/365)) \n" ); document.write( "n=log 4/(365*log (1+0.1/365)) \n" ); document.write( "n= 13.68 years to quadruple\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |