The time required to double the amount of an investment at an interest rate r compounded continuously is given by $t = \frac { \ln 2 } {r }$ Find the time required to double an investment at 4%, 5%, and 6%.

Question

Quizplus · Accepted Answer

The Answer of The time required to double the amount of an investment at an interest rate r compounded continuously is given by $t = \frac { \ln 2 } {r }$ Find the time required to double an investment at 4%, 5%, and 6%.

The Time Required to Double the Amount of an Investment t=ln⁡2rt = \frac { \ln 2 } {r }t=rln2​

The Time Required to Double the Amount of an Investment $t = \frac { \ln 2 } {r }$