Ramos Hamilton
05/26/2024 · Elementary School

Suppose that \( \$ 1600 \) is invested at an interest rate of \( 1.5 \% \) per year, compounded continuously. After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest hundredth. \( \square \) years

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The time it will take for the initial investment to double is approximately 46.21 years.

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