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How long will it take for an investment to triple, if interest is compounded continuously at 7 %?
How long will it take for an investment to triple, if interest is compounded continuously at %?
It will take how many years before the investment triples.
(Round to the nearest tenth of a year.)
Suppose that the principal investment (P ) is $x.Then the final investment (A) will be $(3 × x) = $3x.7Given rate of interest (r) is 7% = 100= 0.07.Suppose that it will take t years to triple...