SOLUTION: How long will it take to triple a savings of $5000.00 at 2.5% annual interest compounded continuously

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Question 610123: How long will it take to triple a savings of $5000.00 at 2.5% annual interest compounded continuously

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General for Cases where Interest compounds Contiuosly
A = Accumulated Amount $15000
P= principal = $5000
r= annual rate = .025
t= years =


ln3/.025 = t = 43.9 yrs
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