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

Question

anonymous · Answer

e^(.04t) = 2
solve for t by writing in equivalent logarithmic form to get 
.04 t = ln(2)

anonymous · Answer

then divide by .04 to get t
you need a calculator

anonymous · Answer

I got 1.73 aas my answer, is that correct? @satellite73

anonymous · Answer

anonymous · Answer

Thanks for that post! But I couldn't see what the final solution was based on that thread. Do you happen to know what it is? @CrazyCountryGirl

anonymous · Answer

hold on...

anonymous · Answer

17 years, I think

anonymous · Answer

Okay, thank you!!