HodennmoorAldani HodennmoorAldani

17-03-2017
Mathematics

contestada

Approximately how long would it take an investment that is compounded annually to triple at an interest rate of 6%?

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Aliwohaish12 Aliwohaish12

17-03-2017

3p=p(1.06)^t
3=1.06^t
T=log(3)÷log(1.06)
T=18.9 years

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