Question

An investment earning interest at the rate of 10%, compounded continuously, will double in t years. Find t. Use the formula , where is the amount after t years, is the initial amount, r is the rate of interest, and t is the time. t = years.

Answer 1

Answer:

I have attached the formula solved for years (or time).

We'll say principal = 100 and total = 200

Years = ln (200 / 100) / .1

Years = ln (2) / .1

Years = 0.69314718056 / .1

Years = 6.9314718056

Step-by-step explanation: