Asked by RACHEL

Complete the table for the time t (in years) necessary for P dollars to triple when interest is compounded continuously at rate r. (Round your answers to two decimal places.)

R=2%
t=?

tried to plug in as A=Pe^rt since continiously

3=e^.02t ?
then take the ln of both sides?
(ln3/.02)=t?

Answered by Steve
can't see the table, but you have correctly solved for t.
Answered by Damon
yes, about 55 years

10% doubles in about 7 years :)
Answered by RACHEL
the table is just that
r 2% 4% 6% 8% 10% 12%
t ? ? ? ? ? ?

i will try that out then

Thank you
Answered by RACHEL
ok this worked out great! thank you!
Answered by Don Jon
3=e^rt
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