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24 August, 20:47

How long will it take an account with a 6.7% interest rate, compounded continuously to double?

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  1. 24 August, 22:27
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    2p=pe^0.067t

    2=e^0.067t

    t = (log (2) / log (e)) / 0.067

    T==10.3 years
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