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Calculate how long it would take an investment to triple if the interest rate is 10% compounded annually
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Calculate how long it would take an investment to triple if the interest rate is 10% compounded annually

User Gaurav Tiwari
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1 Answer

4 votes
3=(1.10)^t
Log(3)=t*log(1.10)
t=log(3)÷log(1.10)
t=11.5 years
User Ptomasroos
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