T. 17 Continuously compounded interest: word problems
5GU
You hav
Sandeep and Laura want to buy the condo they are currently renting. They have some money in a savings account, but the condo costs twice that much. If the account earns 11% interest compounded continuously, how long will it take for their money to double?
Round your answer to the nearest month.
years and â—» months
T.17 Continuously compounded interest:word problems5GU
$You hay
Vic
Sandeep and Laura want to buy the condo they are currently renting. They have some money in a savings account,but the condo costs twice that much.If the account earns 11% interest compounded continuously, how long will it take for their money to double?
Round your answer to the nearest month.
years and
months
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