document.write( "Question 479085: The amount of money in an account with continuously compounded interest is given by the formula A = Pe^rt, where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest tenth of a year how long it takes for an amount of money to double if interest is compounded continuously at 6.2%. \n" ); document.write( "
Algebra.Com's Answer #328290 by robertb(5830)![]() ![]() You can put this solution on YOUR website! The working equation would be \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "==> \n" ); document.write( "\n" ); document.write( "==> \n" ); document.write( "\n" ); document.write( "==> \n" ); document.write( "\n" ); document.write( "==> t = 11.2 years. \n" ); document.write( " |