# SOLUTION: Approximately how long will it take for your money to triple if it is invested at 4.5% compounded continously?

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 Question 321884: Approximately how long will it take for your money to triple if it is invested at 4.5% compounded continously?Answer by stanbon(57387)   (Show Source): You can put this solution on YOUR website!Approximately how long will it take for your money to triple if it is invested at 4.5% compounded continously? --------- A(t) = P*e^(rt) --- 3P = P*e^(0.045t) --- e^(0.045t) = 3 --- Take the natural log of both sides to to get: 0.045t = ln(3) t = ln(3)/0.045 --- t = 24.41 years ====================== Cheers, Stan H. ----------------