How long will it take for the money to triple? Compounded continuously.

Question

asked Apr 22, 2019 138k views

1 Answer

Varvara Jones · Answer 1 · 2019-04-27T02:46:10+0000

If e^(rt) is 3, then taking logarithms tells you

... rt = ln(3)

So, the time to triple the amount is

... t = ln(3)/0.0275 ≈ 39.95 . . . . years

_____

The working out that is shown in the picture appears to be correct.