document.write( "Question 977190: If 8000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. How many years will it take for your balance to reach 20000 dollars? \n" ); document.write( "

Algebra.Com's Answer #598712 by JulietG(1812) $\"\"$ $\"About$

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Using the compound interest calculator, an $8000 investment compounded daily (365 times per year) at 10% will reach $20,011.68 after 9.17 years. \n" ); document.write( "

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