gaekbkrisonialla gaekbkrisonialla

17-03-2017
Mathematics

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How long will it take an account with a 6.7% interest rate, compounded continuously to double?

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Aliwohaish12 Aliwohaish12

17-03-2017

2p=pe^0.067t
2=e^0.067t
t=(log(2)/log(e))/0.067
T==10.3 years

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