A sum of money, $A _ { 0 }$ , is invested at a certain fixed interest rate, and the interest is compounded continuously. After 7 years, the money has doubled. At the end of 14 years the value is $2 A _ { 0 }$ .

Question

Quizplus · Accepted Answer

The value at the end of 14 years would be $4A_0$, because the money doubles every 7 years due to continuous compounding.

A Sum of Money A0A _ { 0 }A0​ , Is Invested at a Certain Fixed Interest Rate, and Is

A Sum of Money $A _ { 0 }$ , Is Invested at a Certain Fixed Interest Rate, and Is