SOLUTION: how long does it take for a deposit of $900 to double at 10% compounded continuously

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Question 820175: how long does it take for a deposit of $900 to double at 10% compounded continuously
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
how long does it take for a deposit of $900 to double at 10% compounded continuously
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A(t) = P*e^(rt)
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1800 = 900*e^(0.10t)
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e^(0.1t) = 2
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0.1t = ln2
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t = 6.93 years
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Cheers,
Stan H.
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