Like what you saw?
Create FREE Account and:
 Watch all FREE content in 21 subjects(388 videos for 23 hours)
 FREE advice on how to get better grades at school from an expert
 Attend and watch FREE live webinar on useful topics
Compound Interest (Continuously)  Problem 7
Alissa Fong
Alissa Fong
MA, Stanford University
Teaching in the San Francisco Bay Area
Alissa is currently a teacher in the San Francisco Bay Area and Brightstorm users love her clear, concise explanations of tough concepts
This problem looks at what interest rate you need in order to get a certain amount of money to double in a certain amount of time in a continuously compounded account. The word "continuous" tells you that you're using "e" as your base, so in order to solve for the rate that is in the exponent, you'll be using the natural log. This example can be applied to any amount of initial investment all we need to know is that the money is to double. If you get stuck, try writing the equation in log form instead of exponential form.
Transcript Coming Soon!
Please enter your name.
Are you sure you want to delete this comment?
Alissa Fong
M.A. in Secondary Mathematics, Stanford University
B.S., Stanford University
Alissa has a quirky sense of humor and a relatable personality that make it easy for students to pay attention and understand the material. She has all the math tips and tricks students are looking for.
Your tutorials are good and you have a personality as well. I hope you have more advanced college level stuff, because I like the way you teach.”
Thanks alot for such great lectures... I never found learning this easier ever before... keep up the great work.... :)”
You seem so kind, it's awesome. Easier to learn from people who seem to be rooting for ya!' thanks”
Concept (1)
Sample Problems (8)
Need help with a problem?
Watch expert teachers solve similar problems.

Compound Interest (Continuously)
Problem 1 7,007 viewsInvest $3000 at 4% interest compounded continuously.
How much will you have after 4 years? 
Compound Interest (Continuously)
Problem 2 6,157 viewsInvest $5000 at 5% interest compounded continuously.
How long will it take to double? 
Compound Interest (Continuously)
Problem 3 5,134 viewsYou invest $2000 at 5% interest compounded monthly. After two years you switch your money to an account that gives 6% compounded continuously.
How much money do you have 10 years after your initial investment? 
Compound Interest (Continuously)
Problem 4 1,346 views 
Compound Interest (Continuously)
Problem 5 1,348 views 
Compound Interest (Continuously)
Problem 6 1,317 views 
Compound Interest (Continuously)
Problem 7 1,356 views 
Compound Interest (Continuously)
Problem 8 1,479 views
Comments (0)
Please Sign in or Sign up to add your comment.
·
Delete