Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded continuously. How long, in years, will it take the account to triple in value? Round your answer to the nearest tenth.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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Mary invested her $42, 000 bonus in an account
earning 7.2% annual interest that is compounded
continuously. How long, in years, will it take the
account to triple in value? Round your answer to the
nearest tenth.
Transcribed Image Text:Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded continuously. How long, in years, will it take the account to triple in value? Round your answer to the nearest tenth.
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