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how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year compound annualy
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how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year compound annualy

User Richard Hedges
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1 Answer

3 votes

Answer:

19 years

Step-by-step explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

User JamieNewman
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