Answer:
Approximately 6.642 years
Step-by-step explanation:
The given parameters are;
The amount in the deposit account = $6,000
The time in which the money will have trebled at 11% compound interest, is given as follows;

Where;
A = The amount at the end of the period
P = The amount in the deposit = $6,000.00
r = The rate of interest = 11%
t = The periods that elapsed
n = The number of times the interest is applied per period of time, t = 1
For the money to have trebled, the amount generated at the end of the period will be 200% the amount deposited
Therefore, we have;
Amount, A, at the end of period = 200/100× $6,000 = $12,000
Substituting the values into the formula for the formula, we have;

Which gives;


t = ㏒(2)/(㏒(1.11)) ≈ 6.642 years which is approximately 6 years, 7 months and 24 days