Solved

How Long Will It Take for $800 to Double If

Question 123

Multiple Choice

How long will it take for $800 to double if it is invested at 5% annual interest, compounded continuously?


A) It will take approximately 14.18 years.
B) It will take approximately 13.86 years.
C) It will take approximately 14.62 years.
D) It will take approximately 15.00 years.
E) It will take approximately 6.02 years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q118: Solve the equation. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8808/.jpg" alt="Solve the

Q119: Evaluate the function using the tables given

Q120: Simplify. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8808/.jpg" alt="Simplify. " class="answers-bank-image

Q121: How long will it take for $300

Q122: Solve the equation. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8808/.jpg" alt="Solve the

Q124: Choose the graph of the function below.

Q125: Write the expression as a single logarithm.

Q126: Use the change-of-base property to find a

Q127: Find the following logarithm to four decimal

Q128: Solve the exponential equation. Round your answer