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)\"\" \"About 
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The working equation would be \r
\n" ); document.write( "\n" ); document.write( "\"2P+=+Pe%5E%280.062t%29\"\r
\n" ); document.write( "\n" ); document.write( "==> \"2+=+e%5E%280.062t%29\"\r
\n" ); document.write( "\n" ); document.write( "==> \"ln2+=+0.062t\"\r
\n" ); document.write( "\n" ); document.write( "==> \"t+=+ln2%2F0.062\"\r
\n" ); document.write( "\n" ); document.write( "==> t = 11.2 years.
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