How long will it take for an investment of $2000 to double in value if the inter

Algebra
Tutor: None Selected Time limit: 1 Day

How long will it take for an investment of $2000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)

 yr
Jul 16th, 2015

Thank you for the opportunity to help you with your question!

2 = (1.085)^t

t = log2/log 1.085 =8.50  years   (answer)

Please find the solution enclosed here with. In case of any doubt please feel free to ask … If you need help in any assignment of math/ science … any online exam / discussion, Please contact for quick & quality services.
Jul 16th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Jul 16th, 2015
...
Jul 16th, 2015
Dec 3rd, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer