SOLUTION: if 6000 dollars is placed into an account with an annual interest rate of 3%,how long will it take the amount to triple if the interest is compounded annually?

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Hi,

In General 

A = Accumulated Amount

P= principal = 6000

r= annual rate = .03

n= periods per year = 1

t= years = 



 log3/log(1.03) = t