SOLUTION: How long does it take for $1625 to double if it is invested at 6.5% compounded continuously? Round your answer to two decimal places, if necessary.

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Question 1140856: How long does it take for $1625 to double if it is invested at 6.5% compounded continuously? Round your answer to two decimal places, if necessary.
Answer by josgarithmetic(39623) About Me  (Show Source):
You can put this solution on YOUR website!
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How long x does it take for $p to double if it is invested at 100r% compounded continuously? Round your answer to two decimal places, if necessary.
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y=p%2Ae%5E%28rx%29

2=1%2Ae%5E%28rx%29
ln%282%29=rx
highlight%28x=ln%282%29%2Fr%29

Substitute what is given and then compute or evaluate.