$1000 is invested in an account at interest rate r=0.045, compounded continuously. Find the time required for the amount to double

The formula you'll need is:

Years = ln (total / principal) / rate

ln means natural log

Years = ln (2,000 / 1,000) / .045

Years = ln (2) / .045

Years = 0.69314718056 / .045

Years = 15.4033

Step-by-step explanation:

the law of definite proportions states samples of a compound will always contain the same proportion of elements by mass. in other words, a given compound will always contain the same elements in the same proportions by mass.the law of multiple proportions states when two elements combine with each other to form more than one compound, then the weights of one element that combine with a fixed weight of the other are in a ratio of small whole numbers.

If i'm correct the answer is $15.97