briana2017 briana2017

13-05-2017
Mathematics

contestada

How long will it take for an investment that is earning 12.0% interest (compounded continuously) to double in value?

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wolf1728 wolf1728

13-05-2017

We''ll use $100 and $200 for the investment amounts.
Using the attached formula,
Years = natural log (200 / 100) / .12
Years = natural log (200 / 100) / .12
Years = 0.69314718056 / .12
Years = 5.7762265047

About 5.78 years

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