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The Graisers invested $500 at 6.5% compounded continuously. Find the value of the investment after 7 years? When will the investment triple in value?

The Graisers invested $500 at 6.5% compounded continuously. Find the value of the investment after 7 years? When will the investment triple in value?
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The Graisers invested $500 at 6.5% compounded continuously. Find the value of the investment after 7 years? When will the investment triple in value?

User PHneutre
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1 Answer

7 votes

Answer:

$788.05 is the value after 7 years. it would take 17 years to triple in value.

User Simpson
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