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Find the time it would take to triple an initial deposit of $2,000 at an interest rate of 8%, compounded semi-annually (rounded to the nearest whole year)

Find the time it would take to triple an initial deposit of $2,000 at an interest rate of 8%, compounded semi-annually (rounded to the nearest whole year)
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21 votes
Find the time it would take to triple an initial deposit of $2,000 at an interest rate of 8%, compounded semi-annually

(rounded to the nearest whole year)

asked
User Tiago Duque
by
8.9k points

1 Answer

10 votes
it’s is 250 I hope I help have a nice night
answered
User Daniel Jomphe
by
7.8k points
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