SOLUTION: At an annual rate of 8% compounded continuously, in how many years would it take for a principal to double

Algebra ->  Finance -> SOLUTION: At an annual rate of 8% compounded continuously, in how many years would it take for a principal to double      Log On


   

Question 918218: At an annual rate of 8% compounded continuously, in how many years would it take for a principal to double
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
A = P e ^(rt),
t = ln(A/P)/.08
t = ln(2)/.08