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    Mathematics
  3. Study Set
    College Algebra and Trigonometry
  4. Exam
    Exam 4: Inverse, Exponential, and Logarithmic Functions
  5. Question
    Solve the Problem. -What Is the Rate on an Investment That Triples $4336
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Solve the Problem. -What Is the Rate on an Investment That Triples $4336

Question 68

Question 68

Multiple Choice

Solve the problem.
-What is the rate on an investment that triples $4336 in 27 years? Assume interest is compounded monthly.


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

Correct Answer:

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