Ask Question
Today, 03:10

The compound amount with continuous compounding is given by A = Pe^rt where P is the principal, r the rate and t the time in years. If the rate is 8% find how long it takes for the money to double that is for A = 2P (ln2=0.69315)

+4
Answers (2)
  1. Today, 04:54
    0
    2p=pe^0.08t

    2=e^0.08t

    Log (2) = 0.08t*log (e)

    T = (log (2) : log (e)) / 0.08==8.66years
  2. Today, 06:00
    0
    3.85 yrs i think tell me if im right
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The compound amount with continuous compounding is given by A = Pe^rt where P is the principal, r the rate and t the time in years. If the ...” 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