SOLUTION: how many years will it take $2600 to triple itself if it is invested at 3.6% simple interest

SOLUTION: how many years will it take $2600 to triple itself if it is invested at 3.6% simple interest

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Question 105976: how many years will it take $2600 to triple itself if it is invested at 3.6% simple interest
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
2600*.036x=3*2600
93.6x=7800
x=7800/93.6=83 1/3 yrs or 83 yrs 4 months
That is why you want compound interest.
Ed
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