Question 59958
Maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double? 
P=600...A=2*600=1200
R=5.64%=5.64/100=0.0564
T=?
A=PE^RT
1200=600E^0.0564T
E^0.0564T = 2........TAKING LOGS
0.0564T = LN(2)
T = LN(2)/0.0564 = 12.3 yrs