## Jaweria Group Title Can anyone please help me with my math problems? one year ago one year ago

1. Jaweria Group Title

How long will it take an investment to double in value if the interest rate is 6% compounded continuously?

2. SOSAlgebra6629 Group Title

What is the original investment?

3. Jaweria Group Title

its just saying to double it which could be 100

4. Jaweria Group Title

so when we double it then it will be 200

5. Jaweria Group Title

the answer I am getting is 11.55 can someone check it for me please?

6. satellite73 Group Title

$(1.06)^t=2$ solve for $$t$$

7. satellite73 Group Title

8. satellite73 Group Title

solve via $t=\frac{\ln(2)}{\ln(1.06)}$

9. satellite73 Group Title

oh continuously!!

10. satellite73 Group Title

$e^{.06t}=2$ $.06t=\ln(2)$ $t=\frac{\ln(2)}{.06}$

11. satellite73 Group Title

no one compounds money continuously. just saying

12. Jaweria Group Title

yeah so I am right too :) my answer is 11.55

13. Jaweria Group Title