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    Precalculus Study Set 3
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    Exam 5: Inverse, Exponential, and Logarithmic Functions
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    Solve the Problem. -What Is the Rate on an Investment That Triples $3272
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Solve the Problem. -What Is the Rate on an Investment That Triples $3272

Question 451

Question 451

Multiple Choice

Solve the problem.
-What is the rate on an investment that triples $3272 in 27 years? Assume interest is compounded monthly.


A) 5.1%
B) 2.7%
C) 3.4%
D) 4.1%

Correct Answer:

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