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27 February, 04:38

How long will it take to triple an investment if the interest rate is 5.6% compounded continuously

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  1. 27 February, 05:08
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    F=ae^ (rt) and since f=3a

    3=e^ (.056t)

    ln3=.056t

    t = (ln3) /.056

    t≈19.618 yrs
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