2 years ago

If $5000 was invested at a rate of 5%, how many years would it take to triple if it is compounded daily

Mathematics

2 answers:

slamgirl [31]2 years ago

7 0

Answer...
23 years

Have a nice day :)

maw [93]2 years ago

3 0

Answer:

If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).

Step-by-step explanation:

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aivan3 [116]

Answer:

Therefore,

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Step-by-step explanation:

Given:

Let,

point L( x₁ , y₁) ≡ ( -6 , 2)

point M( x₂ , y₂ )≡ (x , 2)

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To Find:

x = ?

Solution:

Distance formula between Two points is given as

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