How long would it take the money to triple in value, if it is continuously compounding at 18% ?

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asked Dec 14, 2022 101k views

1 Answer

Zumba · Answer 1 · 2022-12-20T23:58:57+0000

Answer:

therefore t = 1.0986122887 0.06 = 18.31 hence to the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6 % per year.

Explanation:

How long would it take the money to triple in value, if it is continuously compounding at 18% ?

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