asked 193k views
3 votes
An amount of money is deposited in an account that pays 10% annual interest that is compounded 6 times per year.

How long will it take for the amount to triple? (round to 3 decimal places)

How long will is take for the amount to triple if the interest is compounded continuously? (round to three decimal places)

asked
User Suki
by
8.2k points

1 Answer

5 votes

Answer:

1.09

Explanation:

try the answer and thank me

answered
User Muriel
by
8.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.