Asked by Lil

If you invested $500 in an account that pays 12 % a compounded weekly, how long would it take for your deposit to triple?
Answered by Damon
.12/52 = .002308
so for n weeks
3 = 1.002308^n
log 3 = n log 1.002308

n = 476 weeks or 9.16 years
Answered by Anonymous
thank uu
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