How Long Will It Take $1000 to Double If It

question 245

Short Answer

How long will it take $1000 to double if it is invested at an annual rate of 6% compounded continuously?
Please round the answer to one decimal place. __________ yr

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Definitions:

Clean Water Act

A federal law in the United States aimed at reducing pollution and protecting the quality of the nation's waters, including lakes, rivers, and coastal areas.

Criminal Penalties

Sanctions or punishments imposed by a court following a conviction in a criminal case, which can include fines, imprisonment, or other forms of punishment.

EPA's Clean Air Act

A U.S. federal law aimed at controlling air pollution on a national level, administered by the Environmental Protection Agency (EPA).

National Effluent Standards

Regulations established to control the discharge of pollutants from point sources into water bodies, ensuring environmental protection.