In how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded per year?   A. 14 B. 12 C. 13 D. 15

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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In how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded per year?

 

A. 14

B. 12

C. 13

D. 15

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