document.write( "Question 125772: How long will it take to double my money at 8% interest rate and continuous compounding? \n" ); document.write( "
Algebra.Com's Answer #92161 by stanbon(75887)\"\" \"About 
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How long will it take to double my money at 8% interest rate and continuous compounding?
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\n" ); document.write( "A(t)=Pe^(rt)
\n" ); document.write( "Assume you have one dollar: P=1
\n" ); document.write( "When will you have two dollars?
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\n" ); document.write( "2 = 1*e^(0.08t)
\n" ); document.write( "Take the natural log of both sides?
\n" ); document.write( "ln2 = 0.08t
\n" ); document.write( "t = 8.66 years
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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