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    Mathematics
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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Solve the Problem. -You Have Money in an Account at an APR of an APR
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Solve the Problem. -You Have Money in an Account at an APR of an APR

Question 262

Question 262

Multiple Choice

Solve the problem.
-You have money in an account at an APR of 5% compounded annually. To the nearest year, how long will it take for your money to triple?


A) 23 years
B) 14 years
C) 32 years
D) 18 years

Correct Answer:

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