document.write( "Question 1031097: $3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Please round your answer to two decimal places, if necessary. \n" ); document.write( "
Algebra.Com's Answer #645844 by MathTherapy(10552)\"\" \"About 
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\n" ); document.write( "$3250 is invested at 5.5% compounded continuously. How long will it take for the balance to reach $6500? Please round your answer to two decimal places, if necessary.
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Use the continuous compounding formula: \"A+=+Pe%5E%28rt%29\", and solve for t, the time, to get: \"highlight_green%28matrix%281%2C2%2C+12.6%2C+years%29%29\"\r
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document.write( "Note that the INVESTMENT amounts ($3,250 and $6,500) DO NOT MATTER, since this is basically asking how long the investment takes to DOUBLE, 
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document.write( "based on continuous compounding, at a 5.5% interest rate. \n" );
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