Find the time it takes for $6,400 to double when invested at an annual interest rate of 19%, compounded continuously.
years
Find the time it takes for $640,000 to double when invested at an annual interest rate of 19%, compounded
continuously.
years
Give your answers accurate to 4 decimal places.
Question Holn Video M Message instructor

9514 1404 393

  3.6481 years

Step-by-step explanation:

The doubling time is not a function of the amount invested. It can be found by considering the account balance multiplier:

  2 = e^(rt) = e^(0.19t)

Taking logs, we can solve for t:

  ln(2) = 0.19t

  t = ln(2)/0.19 ≈ 3.6481431

Rounded to 4 decimal places, the doubling time is 3.6481 years, for either balance.

courtesan no naked yes

hope this ^_^

do you see a nakes