Ask Question
14 December, 23:06

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

+4
Answers (1)
  1. 14 December, 23:24
    0
    F=ae^ (rt) and since f=3a

    3=e^ (.056t)

    ln3=.056t

    t = (ln3) /.056

    t≈19.618 yrs
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How long will it take to triple an investment if the interest rate is 5.6% compounded continuously ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers