asked 87.7k views
4 votes
Save

Submit
Suppose you deposit $5,000 in a savings account where the interest earned is compounded continuously
at a rate of 12.5%. How many years will it take the balance in the account to triple (round your answer to
the nearest year)?
0 9 years
O 8 years

asked
User Anuraj
by
8.6k points

1 Answer

3 votes

Answer:

9 years i think

Explanation:

answered
User Ldrg
by
7.3k 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.