Suppose one bank account pays 8% annual interest compounded once per year, and a second bank account pays 8% annual interest compounded continuously. If both bank accounts start with the same initial amount, how many years will it take for the second bank account to contain double the amount of the first bank account?

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The Answer of Suppose one bank account pays 8% annual interest compounded once per year, and a second bank account pays 8% annual interest compounded continuously. If both bank accounts start with the same initial amount, how many years will it take for the second bank account to contain double the amount of the first bank account?

Suppose One Bank Account Pays 8% Annual Interest Compounded Once