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)\"\" \"About 
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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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\n" ); document.write( "Assume initial amt is 1, resulting amt is 3
\n" ); document.write( "\"e%5E%28.03t%29\" = 3
\n" ); document.write( "using nat logs, nat log of e is 1
\n" ); document.write( ".03t = ln(3)
\n" ); document.write( "t = \"1.09861%2F.03\"
\n" ); document.write( "t = 36.62 years
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