## How long will it take money to double if it is invested at 8% compounded daily question mark 7.1 % compounded continuously?

How long will it take money to double if it is invested (a) at 8% compounded daily? (b) at 7.1 % compounded continuously? Given information: Amount is doubled. It means if we invest $x, then it becomes $2x in some years. Formula for part A: We use compound interest formula. A= P(1+r/n)^(nt) Where “A” is […]