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Afina-wow [57]
3 years ago
12

Jon invested $5,000 dollars into an account with an interest rate of 15% compounded continuously. Approximately how long will it

take the investment to triple? A=P(1±rn)nt Group of answer choices
Mathematics
1 answer:
Cerrena [4.2K]3 years ago
3 0
10,000 = 5,000(1+0.15)^x

2 = (1.15)^x

logbase(1.15) of 2 = x

x = ~4.96
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