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20 October, 16:29

How long does it take for an investment to double in value if it is invested at 8% per annum compounded monthly? compounded continuously?

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  1. 20 October, 17:37
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    2p=p (1+0.08/12) ^12n

    2 = (1+0.08/12) ^12n

    Log (2) = 12n*log (1+0.08/12)

    12n=log (2) / log (1+0.08/12)

    n=104.32/12

    N=8.7 years

    Continuously

    2p=pe^rt

    Now your turn solve with math to get the answer using the equation ... if you have problem with that just tell me
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