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

label Algebra
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How long will it take for an investment of $2000 to double in value if the interest rate is 6.5% per year, compounded continuously? (Round your answer to two decimal places.)

 yr
Apr 14th, 2015

2000 * e0.065t  =4000

0.065t = ln(2)

t = ln (2)/0.065 = 10.6638

t =10.66 years

Apr 14th, 2015

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Apr 14th, 2015
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Apr 14th, 2015
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