document.write( "Question 48987: Maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double? \n" ); document.write( "
Algebra.Com's Answer #32455 by Nate(3500)![]() ![]() ![]() You can put this solution on YOUR website! P(a) = a(1 + r)^t \n" ); document.write( "1200 = 600(1.0564)^t \n" ); document.write( "log(2) = t*log(1.0564) \n" ); document.write( "log(2)/log(1.0564) = t \n" ); document.write( "About 12 years and 7 months and 17 days and 23 hours and 15 minutes and 50 seconds \n" ); document.write( " |