How long does it take for a deposit of 700 to double at 6% compounded continuously?

Name: How long does it take for a deposit of 700 to double at 6% compounded continuously?
Uploaded: 2023-05-23T04:41:06-08:00
Duration: 1 min 27 s
Channel: Numerade
Description: How long does it take for a deposit of 700 to double at 6% compounded continuously?

Question

Steven Clarke · Answer

Okay, here I want the time taken, double the money to 1 ,100 to 2 ,200 if I&#x27;m compounding 7 % co

Sri K · Answer

Hi in the given problem we are required to find how long the investment of any amount let&#x27;s say

Gregory Higby · Answer

When you have that phrase compounded continuously, that&#x27;s telling you to go ahead and use the PE

Steven Clarke · Answer

Okay, here we are compounding continuously and that formula is A of T as the end amount after T

Steven Clarke · Answer

Okay, I want to work out the time taken to quadruple the money in these two cases. So for the fi

Question

How long does it take for a deposit of $700 to double at 6\% compounded continuously?

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