document.write( "Question 608985: You deposit $500 in an account that pays 2.5% annual
\n" ); document.write( "interest compounded continuously. How long will it take for the balance to
\n" ); document.write( "double?
\n" ); document.write( "

Algebra.Com's Answer #383445 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
\n" ); document.write( "Hi
\n" ); document.write( "A = Pe^(rt)
\n" ); document.write( "Question states***
\n" ); document.write( "A/P= 2
\n" ); document.write( " \"2+=+e%5E%28.025t%29\"
\n" ); document.write( " \"ln2+=+ln+e%5E%28.025t%29\"
\n" ); document.write( " ln2 = .025t
\n" ); document.write( " ln2/.025 = t
\n" ); document.write( " 27.726 yrs = t, time it takes to double \n" ); document.write( "
\n" );