SOLUTION: Hello, I am having difficulty with this world problem. Would someone please help me to solve it? Suppose that $10,000 is invested at an interest rate of 5.8% per year, compound

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Hello, I am having difficulty with this world problem. Would someone please help me to solve it? Suppose that $10,000 is invested at an interest rate of 5.8% per year, compound      Log On


   

Question 328297: Hello, I am having difficulty with this world problem. Would someone please help me to solve it?
Suppose that $10,000 is invested at an interest rate of 5.8% per year, compounded continuously. What is the doubling time?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
A=Pe%5E%28rt%29
P=10,000
r=0.058
Find t when A=20000.