Question

$3,600 is invested in an account at an annual interest rate of 4.8% compounded
continuously. How long, to the nearest tenth of a year, will it take the investment to double in
size??

Any help would be appreciated.

Answer 1

The initial amount does not matter.

You want e^0.048t = 2
t = ln2/0.048 = ?

Answer 2

14.4

Answer 3

15 years

Answer 4

nah u suck mine