Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously, what annual interest rate is the bank offering?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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Money deposited in a fund triples every 8 years. If the bank compounds the interest continuously, what annual interest rate is the bank offering?

Express your answer as a percentage, rounded to the nearest .01%.
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