Posted by **Jannet** on Wednesday, February 29, 2012 at 3:33am.

How long will it take a $400 investment to be worth $700 if it is continuously compounded at 12% per year?

I got the answer 6.71 years, but it was wrong, using the A=Pe^rt

Thank you

## Answer this Question

## Related Questions

- Math - How long, to the nearest year, will it take an investment to triple if it...
- business math - How long, to the nearest year, will it take an investment to ...
- Pre-Cal - If the interest on a long-term Canadian(3/8%) investment is compounded...
- Business math/Finite - How long to the nearest year, will it take an investment ...
- Pre- Cal - How long, to the nearest year, will it take me to become a ...
- math - Approximately how long will it take an investment of $300 to triple, if ...
- math - Suppose that you have $12,500 to invest over a 4 year period. There are ...
- Math - How long it will take for an investment of 2000 dollars to double in ...
- math - How long it will take for an investment of 1000 dollars to double in ...
- math - The Investment Problem. Suppose that Rod invests $1,000 at 6% compounded ...

More Related Questions