Asked by frank

you deposit 8500 dollars in an account that pays you 3.5 % interest compounded continuously. How long will it take for the money to triple?

Answers

Answered by Reiny
3 = 1(e^.035t)
ln 3 = .035t lne
t = ln3/.035 = 31.4 years
Answered by Damon
p = Po e^(.035 t)

3 = e^(.035 t)

ln 3 = .035 t

1.0986 = .035 t

t = 31.4 years
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