SOLUTION: how long would it take for an amount of money to triple itself if it is invested at 9.25% compounded continuously?

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Question 441856: how long would it take for an amount of money to triple itself if it is invested at 9.25% compounded continuously?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi

 Compounding continously

 A= p e^rt 

 3 = e^.0925t 

  ln(3) =.0925t

  1.0986 = .0925t

  11.88yrs = t







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