Try another version of this question
Find the time it takes for $5,000 to double when invested at an annual interest rate of 17%, compounded continuously.
years
Find the time it takes for $500,000 to double when invested at an annual interest rate of 17%, compounded continuously.
years
Recall the formula for doubling time with continuous compound interest: t=ln(2)r, where r is the interest rate as a decimal.
Box 1: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
4.4148 years
Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity
4.4148 years