How long does it take for an investment to double its value if the interest is 7.25% compounded continuously?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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How long does it take for an investment to double its value if the interest is 7.25%
compounded continuously?
Transcribed Image Text:How long does it take for an investment to double its value if the interest is 7.25% compounded continuously?
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