SOLUTION: how long would it take for an amount of money to triple itself if it is invested at 9.25% compounded continuously?

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Question 441856: how long would it take for an amount of money to triple itself if it is invested at 9.25% compounded continuously?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi
Compounding continously
A= p e^rt
3 = e^.0925t
ln(3) =.0925t
1.0986 = .0925t
11.88yrs = t


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