SOLUTION: You have deposited $700 in an account that pays 4.25% interest, compounded continuously. How long will it take your money to triple? I know to use {{{ Pe^rt }}}, and natural log (l

Question 1026250: You have deposited $700 in an account that pays 4.25% interest, compounded continuously. How long will it take your money to triple? I know to use , and natural log (ln), but i'm kind of lost after that.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
What you have is:

Divide both sides by

This shows that the amount of the
investment has no effect on the answer

Take the natural log of both sides

Is this years? I think so- check on this
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