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OpenStudy (anonymous):
The amount of money in an account with continuously compounded interest is given by the formula A = Pert, where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest tenth of a year how long it takes for an amount of money to double if interest is compounded continuously at 6.2%.
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OpenStudy (anonymous):
I think I got 11.2
OpenStudy (kropot72):
I get 11.1798 years which rounds to 11.2 years
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