SOLUTION: what rate of interest compounded annually is required to trple an investment in 7 years?
Algebra.Com
Question 435037: what rate of interest compounded annually is required to trple an investment in 7 years?
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
<==>
<==>
==> 1.16993 - 1 = r, or r = 0.16993, or r = 16.993%
RELATED QUESTIONS
what rate of interest compounded annually is required to double an investment in 15... (answered by mananth)
What rate of interest compounded annually is required to double an investment in 6... (answered by Alan3354)
What rate of interest compounded annually is required to triple an investment in 10... (answered by Alan3354,ewatrrr)
what rate of interest compounded annually is required to triple an investment in 22... (answered by ankor@dixie-net.com,MathTherapy)
what rate of interest compounded annually is required to double and investment in 23... (answered by solver91311,lwsshak3)
What rate of interest compounded annually is required to double an investment in 3 years?
(answered by jorel1380)
what rate of interest compounded annually is required to double an investment in 4 years? (answered by Student789)
What rate of interest compounded continously is required to dobule an investment in 8... (answered by htmentor)
What annual rate of interest compounded yearly is required to double an investment in 4... (answered by stanbon)