# SOLUTION: a bank account earns interest compounded continuously at a rate of 6% per year. how long would it take for the account to triple in value?

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 Question 491883: a bank account earns interest compounded continuously at a rate of 6% per year. how long would it take for the account to triple in value?Answer by stanbon(57377)   (Show Source): You can put this solution on YOUR website!a bank account earns interest compounded continuously at a rate of 6% per year. how long would it take for the account to triple in value? --- A(t) = Ao*e^rt --- Solve e^rt = 3 e^(0.06t) = 3 0.06t = ln(3) t = 18.31 years ===================== Cheers, Stan H. =====================