How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.) yr

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.)
yr
Transcribed Image Text:How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded at 12% per year? (Give the answer to two decimal places.) yr
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