<PRE><B>Question 1035884</B>
If you put 2000 an interest bearing account is compounded quarterly(4 times a year)at 6%, how long will it take for your money to triple? 
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A(t) = P(1+(r/n))^(n*t)
3*2000 = 2000(1+(0.06/4))^(4*t)
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Solve:
(1+(0.06/4))^(4t) = 3
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4t*log(1.015) = log(3)
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4t = 73.79
time = 18.45 years
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Cheers,
Stan H.
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