How Long Will It Take for $800 to Double If

question 123

Multiple Choice

How long will it take for $800 to double if it is invested at 5% annual interest, compounded continuously?

• A) It will take approximately 14.18 years.
• B) It will take approximately 13.86 years.
• C) It will take approximately 14.62 years.
• D) It will take approximately 15.00 years.
• E) It will take approximately 6.02 years.

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