87.7k views
4 votes
Save

Submit
Suppose you deposit $5,000 in a savings account where the interest earned is compounded continuously
at a rate of 12.5%. How many years will it take the balance in the account to triple (round your answer to
the nearest year)?
0 9 years
O 8 years

User Anuraj
by
8.6k points

1 Answer

3 votes

Answer:

9 years i think

Explanation:

User Ldrg
by
7.3k points

No related questions found

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

9.4m questions

12.2m answers

Categories