document.write( "Question 716511: Consider a $100 investment earning 12% compounded quarterly. How long will it take to triple your money? Round your answer to the nearest tenth of a year. \n" ); document.write( "
Algebra.Com's Answer #441885 by lovingmath00(2)![]() ![]() ![]() You can put this solution on YOUR website! Find the Time,\r \n" ); document.write( "\n" ); document.write( "Since its says that it will tripe your money so. 100(3)=$300\r \n" ); document.write( "\n" ); document.write( "to find how long it will take to tripe it. This is the formula\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "t=9.2918 years\r \n" ); document.write( "\n" ); document.write( "To find the exact date,\r \n" ); document.write( "\n" ); document.write( "t=.2918(12) \n" ); document.write( " =3.5016\r \n" ); document.write( "\n" ); document.write( "Answer: \n" ); document.write( "t= 9 years and 4 months.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |