Ask Question
11 November, 12:03

How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously

+4
Answers (1)
  1. 11 November, 15:45
    0
    For this example we will calculate $100 becoming $400

    Years = natural log (Total / Principal) / rate

    Years = natural log (400 / 100) /.056

    Years = natural log (4) /.056

    Years = 1.3862943611 /.056

    Years = 24.7552564482

    (Roughly 24 (3 / 4) years)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers