Question

if you deposit $1000 in to an account that pays 4% interest compounded continuously, how long will it take the account to grow to $2000

Answer 1

0.3010/antilog 1.04

Answer 2

2000 = 1000 (1+ 4/100)^n
(1.04)^n = 2
find n =??? your answer

Answer 3

how do i find n??

Answer 4

nlog (1.04) = log 2
n log(1.04) = 0.3010
n = 0.3010/antilog (1.04)
Check the value of antilog 1.04 from calculator .put it and find n