How long will it take for $1,000 to be worth $2,000 at 6 % interest, compounded continuously? Round your answer to the nearest hundredth of a year. It will take years. TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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How long will it take for $1,000 to be worth $2,000 at 6 % interest, compounded continuously? Round your
answer to the nearest hundredth of a year.
It will take
years.
TIP
Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Transcribed Image Text:How long will it take for $1,000 to be worth $2,000 at 6 % interest, compounded continuously? Round your answer to the nearest hundredth of a year. It will take years. TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
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