An investor deposits? $2000 in a mutual fund that returns 7?% at the end of 1 year. determine the length of time required for the investment to tripletriple its value if the annual rate of return remains the same.

The length of time required for the investment to triple its value if the annual rate of return remains the same is 16.23 years assuming the investor gets a compounded return. If the investor gets a simple return then the length of time required for the investment to triple its value is 28.57 years. The length with a compounded interest calculation: 16.23 = log (1+7%) (6000/2000). The length with a simple interest calculation: 28.57 = (6000-2000) / (2000*7%).