Greene Warner
07/17/2024 · Elementary School
Find the time it takes for \( \$ 6,400 \) to double when invested at an annual interest rate of \( 2 \% \), compounded continuously. years Find the time it takes for \( \$ 640,000 \) to double when invested at an annual interest rate of \( 2 \% \), compounded continuously. years
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The time it takes for \( \$ 6,400 \) and \( \$ 640,000 \) to double at a \( 2\% \) interest rate, compounded continuously, is approximately \( 34.66 \) years.
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