If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by . How long does it take for the investment to double? Round your answer to one decimal place.
A)8.7years
B)6.9 years
C)7.9 years
D)10.2 years
E)11.3 years

Question

If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by  . How long does it take for the investment to double? Round your answer to one decimal place. ​
A)8.7years 
B)6.9 years 
C)7.9 years 
D)10.2 years 
E)11.3 years

Quizplus · Accepted Answer

The Answer of If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by  . How long does it take for the investment to double? Round your answer to one decimal place. ​
A)8.7years 
B)6.9 years 
C)7.9 years 
D)10.2 years 
E)11.3 years

If $4,000 Is Invested at an Annual Rate of 8