The Time Required to Double the Amount of an Investment $$t = \frac { \ln 2 } {r }$$

question 67

Short Answer

The time required to double the amount of an investment at an interest rate r compounded continuously is given by $$t = \frac { \ln 2 } {r }$$ Find the time required to double an investment at 2%, 3%, and 4%.

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Definitions:

Cerebral Hemispheres

The two halves of the brain, each controlling the opposite side of the body and responsible for different functions.

Myelin

Myelin is a fatty substance that forms a sheath around the axons of many neurons, speeding up the transmission of electrical signals in the nervous system.

Insulates

To cover, line, or separate with a material that stops or slows down heat, electricity, or sound from passing through.

Neuron

A nerve cell that is the building block of the nervous system, responsible for receiving, processing, and transmitting information through electrical and chemical signals.