document.write( "Question 1006195: Solve the given problem releated to continuous compounding interest.\r
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document.write( "How long will it take $1,400 to triple if it is invested at an annual interest rate of 5.3% compounded continuously? Round to the nearest year. \n" );
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Algebra.Com's Answer #622343 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! P=Poexp^(rt) \n" ); document.write( "P/Po=3 \n" ); document.write( "3=exp^rt \n" ); document.write( "ln3=rt \n" ); document.write( "ln3/0.053=t \n" ); document.write( "t=21 years \n" ); document.write( " |