Let x = amount invested at 8%
26000 - x = amount invested at 6%
0.08x + 0.06(26000 - x) = 1860
solving the equation you get x = 15000
and subtract that from 26000 you get 11000
8% investment = 15000
6% investment = 11000
Answer:
It takes 22.52 years for the balance to triple in value.
Step-by-step explanation:
Continuous compounding:
The amount of money earned using continuous compounding is given by the following equation:

In which A(0) is the initial amount of money and r is the interest rate, as a decimal.
Interest rate of 5%.
This means that
, and thus:



Time for the balance to triple?
This is t for which
. So







It takes 22.52 years for the balance to triple in value.