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pav-90 [236]
3 years ago
10

How long will it take to triple an investment if the interest rate is 5.6% compounded continuously

Mathematics
1 answer:
olga55 [171]3 years ago
5 0
F=ae^(rt)  and since f=3a

3=e^(.056t)

ln3=.056t

t=(ln3)/.056

t≈19.618 yrs
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