Suppose $12000 is invested at 6% interest compounded continuously. How long will it take for the investment to grow to $24000

Question

Suppose $12000 is invested at 6% interest compounded continuously. How long will it take for the investment to grow to $24000?
Use the model A(t) = Pert and round your answer to the nearest hundredth of a year.
It will take years for the investment to reach $24000.

Kunduz · Accepted Answer

Click to see the answer