SOLUTION: How long does it take to earn $1000 interest on a deposit of one million dollars at 9% compounded continuously? (put the answer in days)

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Question 370194: How long does it take to earn $1000 interest on a deposit of one million dollars at 9% compounded continuously? (put the answer in days)
Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
1001000+=+1000000e%5E%280.09t%29
1.001+=+e%5E%280.09t%29,
ln1.001 = 0.09t,
t = ln1.001/0.09 = 0.0111 yr, or 4 days, virtually. (Used 365 days in a year.)