document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=523675>Question 523675</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long it will take for an investment of 2000 dollars to double in value if the interest rate is 10 percent per year, compounded continuously? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #347367 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=347367\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How long it will take for an investment of 2000 dollars to double in value if the interest rate is 10 percent per year, compounded continuously?<BR>\n" );
document.write( "---<BR>\n" );
document.write( "A(t) = P*e^(rt)<BR>\n" );
document.write( "----<BR>\n" );
document.write( "4000 = 2000*e^(0.1*t)<BR>\n" );
document.write( "2 = e^ (0.1t)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "Take the natural log of both sides to get:<BR>\n" );
document.write( "0.1t = ln(2)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "t = 0.6931/0.1<BR>\n" );
document.write( "---<BR>\n" );
document.write( "t = 6.931 years<BR>\n" );
document.write( "=======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "=================<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );