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    Continuous compound

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    How long will it take to double my money at 8 % interest rate and continuous compounding? That was part of the answer. My answer to that was 4000=2000(1.08)^t = (1.08)^t
    (1.08)^t=2 T=9 Now I need to round my answer to the hundreds place. I know that that is two places after the decimal. So would I write my answer as 9.00?

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    Solution Summary

    A step by step easy to follow solution is provided for continuous compound money.