How long will it take money to triple if it is invested at 9% compounded weekly? 8.3% compounded continuously? It will take about years at 9% compounded weekly. (Round to two decimal places as needed.) years at 8.3% compounded continuously. It will take about (Round to two decimal places as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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How long will it take money to triple if it is invested at 9% compounded weekly? 8.3% compounded continuously?
It will take about
years at 9% compounded weekly.
(Round to two decimal places as needed.)
years at 8.3% compounded continuously.
It will take about
(Round to two decimal places as needed.)
Transcribed Image Text:How long will it take money to triple if it is invested at 9% compounded weekly? 8.3% compounded continuously? It will take about years at 9% compounded weekly. (Round to two decimal places as needed.) years at 8.3% compounded continuously. It will take about (Round to two decimal places as needed.)
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