How Long Will It Take for an Investment Of $\$ 2550$

question 86

Essay

How long will it take for an investment of $\$ 2550$ to double in value if the interest rate is $5.65 \%$ per year compounded continuously?

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Definitions:

Legislation

Laws or statutes that have been enacted by a governing body to regulate, authorize, sanction, grant, declare, or restrict various actions.

Royal Assent

The formal approval by a monarch to a bill that has passed both houses of parliament, turning it into law.

Firearms

Portable weapons that launch one or more projectiles driven by rapidly expanding high-pressure gas produced chemically by combustion or other means.

Legislation

Laws and statutes that have been formally enacted by a legislative body, which govern the actions of individuals and organizations within the jurisdiction.