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Asked by Ernie

Find the doubling time of an investment earning 7% interest if interest is compounded continuously is ____years.

Round to the nearest tenth of a year.
10 years ago

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Answered by Reiny
e^(.07t) = 2
.07t lne = ln2
t = ln2/.07 = appr 9.9 years
10 years ago
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Find the doubling time of an investment earning 7% interest if interest is compounded continuously is ____years.

Round to the nearest tenth of a year.

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