document.write( "Question 125865: Maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double? \n" ); document.write( "
Algebra.Com's Answer #92251 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! For any amount of money invested the following applies. \n" ); document.write( "2 = e^(rt) \n" ); document.write( "------------ \n" ); document.write( "Your Problem: \n" ); document.write( "2 = e^(0.0564t) \n" ); document.write( "Take the natural log of both sides to get: \n" ); document.write( "ln2 = 0.0564t \n" ); document.write( "t = 12.2898 years \n" ); document.write( "===================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |