136k views
0 votes
What rate of interest compounded annually is required to triple an investment in years? WORTH 50 points!!

User HumbleBee
by
7.9k points

1 Answer

7 votes

At a rate of interest of 3.86% compounded annually investment will be tripled.

that is how i was taut, sorry if is wrong

User Matsemann
by
8.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.