Based on the interest rate and continuous compounding, the investment would double in value after 18.5 years.
When will the investment double in value?
The future value using continuous compounding is:
= Amount x e ^ (rate x time)
Interest is:
= 3.75%
To double, the formula is:
2 = e ^ (0.0375 x time)
In2 = 0.0375 x time
t = In2 / 0.0375
= 18.5 years
Find out more problems on solving for period at https://brainly.com/question/16731646.
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