document.write( "Question 418772: What rate of interest compounded annually is required to triple an investment in 10 years? \n" ); document.write( "

Algebra.Com's Answer #292998 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi
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document.write( "What rate of interest compounded annually is required to triple an investment in 10 years?
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document.write( "A= p(1+r)^t 
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document.write( "A/p = (1+r)^t 
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document.write( " 3 = (1+r)^10
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document.write( " 1.116 = 1 + r
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document.write( "   .116 = r  11.6%
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