document.write( "Question 1185824: How long will it take for a sum of money to triple in value if invested at an annual rate of 3% compounded continuously?
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Algebra.Com's Answer #816672 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! How long will it take for a sum of money to triple in value if invested at an annual rate of 3% compounded continuously? \n" ); document.write( ": \n" ); document.write( "Assume initial amt is 1, resulting amt is 3 \n" ); document.write( " \n" ); document.write( "using nat logs, nat log of e is 1 \n" ); document.write( ".03t = ln(3) \n" ); document.write( "t = \n" ); document.write( "t = 36.62 years \n" ); document.write( " |