Question 379322
How long does it take money to quadruple if it is invested at 10% compounded continously?
...
assume the principal p = 100
Amount at end of term = 400
rate = 10%
number of years = n
compound period = continuous
...
n = log(A/P)/(q log[1+(i/q)])
n= log(400/100)/(365*log(1+0.1/365))
n=log 4/(365*log (1+0.1/365))
n= 13.68 years  to quadruple


...
m.ananth@hotmail.ca