SOLUTION: How long would it take to triple your money at 6.3% compounded continuously?
Algebra.Com
Question 972813: How long would it take to triple your money at 6.3% compounded continuously?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How long would it take to triple your money at 6.3% compounded continuously?
-------------
ln(3) = 0.063t
t = ln(3)/0.063
t =~ 17.44 years
RELATED QUESTIONS
how long will it take money to triple if it is invested at 5% compounded daily? 6%... (answered by solver91311,lwsshak3)
how long would it take for an amount of money to triple itself if it is invested at 9.25% (answered by ewatrrr)
6. If you invest your money in an account that pays 1.5% interest compounded... (answered by robertb)
carl plans to invest $500 at 8.25% INTREST, COMPOUNDED CONTINUOUSLY. how long will it... (answered by jsmallt9)
. How long will it take for a sum of money to triple in value if invested at an annual... (answered by jorel1380)
How long will it take for a sum of money to triple in value if invested at an annual rate (answered by ankor@dixie-net.com)
a bank account earns interest compounded continuously at a rate of 6% per year. how long... (answered by stanbon)
How long will it take $4000 to triple if it is invested at 5% compounded... (answered by Alan3354)
how long would it take a money to double if it is invested at 7 % compounded daily? 8.3 % (answered by nerdybill)