Question

A hedge fund manager promises to exactly double your money in one year in a scheme that compounds interest continuously what should be the interest rate to make this happen

Answer 1

Step-by-step explanation:

There is something called the rule of 72.

It essentially says that if you divide the time period in which u assume the money will be doubled , you get your rate of interest.

So in this case you have a year in hand and 72/1 will give you 72.

However this is an approximation. Actual answer of your question is somewhere around 69.something.