Answer:
9.694 years
Step-by-step explanation:
Let the investment is $P.
So, we are asked to determine the time it will grow to triple with the compound interest rate of 12%.
Let the time is y years.
So, from the formula of compound interest we can write
⇒
⇒
Now, taking log both sides we get,
y log 1.12 = log 3 {Since,
}
⇒ 0.04922y = 0.477712
⇒ y = 9.694 years (Answer)
Answer:
Chile all 10 QuEsTiOns. My brain died.
Answer:
The answer is A.
Step-by-step explanation:
took the test im positive
If u round tha to the nearest 10th it’s 4.8