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3241004551 [841]
3 years ago
5

How long will it take an investment to double in value if the interest rate is 10% compounded continuously? (round your answer t

o two decimal places.)?

Mathematics
1 answer:
Varvara68 [4.7K]3 years ago
8 0
Assumed
PW as 100
FW as twice PW as 200

answer is 7.27254 years

manually take the log of both sides and solve for n

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<img src="https://tex.z-dn.net/?f=%20%20%5Cfrac%7B8x%20%7B%20%7D%5E%7B3%7D%20%20-%2027%7D%7B4x%20%7B%7D%5E%7B2%7D%20%2B%206x%20%
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