How many years are required for an investment to double in value if it is appreciating...

Question

Question

How many years are required for an investment to double in value if it is appreciating at the rate of 9% compounded continuou

Answer 1

Answer #1

Let the interest doubles in x years. Then:

$2 = e^{0.09x}$

On solving fro x, we will get:

x = 7.7 years

Answer 2

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