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11 June, 02:54

Lisa, a real estate agent, earned a Big commission for selling a house. If she puts the money into an account that earns 11.32% interest compounded continuously, how long will it take for her money to double? Round your answer to the nearest month.

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  1. 11 June, 06:08
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    6 years and 1 month

    Step-by-step explanation:

    A = Pe^rt

    Since you need to find the double A=2P

    2P=e^0.1132t

    0.1132t=ln 2

    0.1132t=0.693

    t = 6.12

    6 years and 1 month

    ps: I think this is right but I'm not sure I had the same problem and I got this.
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