- #1
Math10
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- 0
Homework Statement
At what rate of interest, compounded continuously, will a bank deposit double in value in 8 years?
Homework Equations
None.
The Attempt at a Solution
Q0e8r=2Q0
e8r=2
8r=ln(2)
r=ln(2)/8
But the answer is (25/2)ln(2)%. How do I get the answer from there?