Question

.

Answer 1

How did you get that?
continuous compound interest uses this equation
http://cs.selu.edu/~rbyrd/math/continuous/

Answer 2

ln(2)/.056

Answer 3

but also have this 2 = e^(.056t)
t = ln2 / .056 = 12.38 years

Answer 4

My lesson is teaching me about natural logathrim..so thats why it looks different.

Answer 5

so it is 12.4

Answer 6

yes. that is correct. by ln(2)/0.056 is not 12.7

Answer 7

yes, if you round 12.38 you get 12.4