An investment of $40,500.00 earns 1.8% annual interest, compounded continuously. How long will it take to triple in value? Round your answer to two decimal places (hundredths). Answer = years

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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An investment of $40,500.00 earns 1.8% annual interest, compounded continuously. How long will it take to
triple in value? Round your answer to two decimal places (hundredths).
Answer
years
Transcribed Image Text:An investment of $40,500.00 earns 1.8% annual interest, compounded continuously. How long will it take to triple in value? Round your answer to two decimal places (hundredths). Answer years
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