Asked by Anonymous
1.
You want to invest $10,000 dollars. How long will it take to double your investment at an annual interest rate of 10%, compounded continuously? (Round your answer to the nearest year)
You want to invest $10,000 dollars. How long will it take to double your investment at an annual interest rate of 10%, compounded continuously? (Round your answer to the nearest year)
Answers
Answered by
Steve
solve for t with
e^(.10*t) = 2
e^(.10*t) = 2
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