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Carl plans to invest $500 at 8.25% interest, compounded continuously. How long will it take the money to triple?

Carl plans to invest $500 at 8.25% interest, compounded continuously. How long will it take the money to triple?
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Carl plans to invest $500 at 8.25% interest, compounded continuously. How long will it take the money to triple?

Carl plans to invest $500 at 8.25% interest, compounded continuously. How long will-example-1
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User Juliya
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8.5k points

1 Answer

3 votes
Use exponential growth equation.
answered
User Freda
by
8.0k points
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