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12 September, 18:00

Calculate how long it would take an investment to triple if the interest rate is 10% compounded annually

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  1. 12 September, 21:11
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    3 = (1.10) ^t

    Log (3) = t*log (1.10)

    t=log (3) : log (1.10)

    t=11.5 years
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