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

Question

(a) continuously
r 2% 4% 6% 8% 10% 12%
t



t

(b) annually
r 2% 4% 6% 8% 10% 12%
t

Answer 1

(a) continuously
r 2% 4% 6% 8% 10% 12%
t 34.66 17.33 11.55 8.66 6.93 5.78

(b) annually
r 2% 4% 6% 8% 10% 12%
t 35.00 17.50 11.67 8.75 7.00 5.83