(a) How long will it take an investment to double in value if the interest rate is...

Question:

(a) How long will it take an investment to double in value if the interest rate is 3%, compounded continuously?

(b) What is the equivalent annual interest rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Calculus Early Transcendentals

ISBN: 9781337613927

9th Edition

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

Question Posted: