document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1029625>Question 1029625</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What interest rate is required for an investment subject to continuous compounding to triple in 15 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #644583 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=644583\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> What interest rate is required for an investment subject to continuous compounding to triple in 15 years? <BR>\n" );
document.write( "-------<BR>\n" );
document.write( "A(t) = Ao*e^(kt)<BR>\n" );
document.write( "------------------------------<BR>\n" );
document.write( "3Ao = Ao*e^(15k)<BR>\n" );
document.write( "-----<BR>\n" );
document.write( "e^(15k) = 3<BR>\n" );
document.write( "---<BR>\n" );
document.write( "15k = ln(3)<BR>\n" );
document.write( "k = 0.0732<BR>\n" );
document.write( "====<BR>\n" );
document.write( "Ans: A(t) = Ao*e(0.0732t)<BR>\n" );
document.write( "------------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "-------------------- </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );