A deposit of $525 is made in an account that earns interest at an annual rate of 4%. How long will it take for the balance to triple if the interest is compounded 2. annualy a. b. daily continuously C.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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A deposit of $525 is made in an account that earns interest at an annual rate of 4%. How long will it take
for the balance to triple if the interest is compounded
2.
annualy
a.
b.
daily
continuously
C.
Transcribed Image Text:A deposit of $525 is made in an account that earns interest at an annual rate of 4%. How long will it take for the balance to triple if the interest is compounded 2. annualy a. b. daily continuously C.
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