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A sum of money triples itself at 8% per annum over a certain time. The time take is ?
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A sum of money triples itself at 8% per annum over a certain time. The time take is ?

User Piercebot
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1 Answer

3 votes

Answer:


{e}^(.08t) = 3


.08t = ln(3)


t = (25 ln(3) )/(2) years =about \: 13.7 \: years

User Jarvan Zhang
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