SOLUTION: How long will it take a $700 investment to be worth $800 if it is continuously compounded at 10% per year?

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Question 363102: How long will it take a $700 investment to be worth $800 if it is continuously compounded at 10% per year?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
800=700e%5E%280.1t%29
e%5E%280.1t%29=8%2F7
0.1t=ln%288%2F7%29%29
highlight%28t=10%2Aln%288%2F7%29%29 or approximately,
t=1.34 years