krdesimome1 krdesimome1

02-04-2017
Mathematics

contestada

How long will it take to triple an investment if the interest rate is 5.6% compounded continuously

Respuesta :

02-04-2017

f=ae^(rt) and since f=3a

3=e^(.056t)

ln3=.056t

t=(ln3)/.056

t≈19.618 yrs

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