Asked by nina
how long will it take for an investment to triple if it is compounded continuously at 4.2%
Answers
Answered by
Scott
3p = p e^(.042 t)
3 = e^(.042 t)
ln(3) = .042 t
the time units for t are the same as the interest ... yearly, monthly, etc.
3 = e^(.042 t)
ln(3) = .042 t
the time units for t are the same as the interest ... yearly, monthly, etc.
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