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Asked by Anonymous

How long will it take P dollars to triple itself at 14% simple interest?
12 years ago

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Answered by Jacqueline
3p=p(1+ 0.14t) divide by p to get
3=1+ 0.14t

0.14t=3-1

t=2/0.14

t=14.286 years
12 years ago
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How long will it take P dollars to triple itself at 14% simple interest?

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