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How long will it take an investment to triple if the interest is compounded continuously at a rate of 3.75%? A. 0.3 year B. 2.93 years C. 12.72 years D. 29.30 years E. 293 years…

How long will it take an investment to triple if the interest is compounded continuously at a rate of 3.75%? A. 0.3 year B. 2.93 years C. 12.72 years D. 29.30 years E. 293 years…
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How long will it take an investment to triple if the interest is compounded continuously at a rate of

3.75%?
A. 0.3 year
B. 2.93 years
C. 12.72 years
D. 29.30 years
E. 293 years

User Sdolgy
by
7.5k points

1 Answer

3 votes

D, solved it graphically

How long will it take an investment to triple if the interest is compounded continuously-example-1
User William Booth
by
7.0k points
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