Solved

The Time Required to Double the Amount of an Investment t=ln2rt = \frac { \ln 2 } {r }

Question 67

Short Answer

The time required to double the amount of an investment at an interest rate r compounded continuously is given by t=ln2rt = \frac { \ln 2 } {r } Find the time required to double an investment at 2%, 3%, and 4%.

Correct Answer:

verifed

Verified

34.7 yr, 2...

View Answer

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

Related Questions