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    Mathematics
  3. Study Set
    Trigsted College Algebra
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    Exam 5: Exponential and Logarithmic Functions and Equations
  5. Question
    Solve the Problem. -How Long Will It Take for an Investment to Triple
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Solve the Problem. -How Long Will It Take for an Investment to Triple

Question 133

Question 133

Multiple Choice

Solve the problem.
-How long will it take for an investment to triple in value if it earns 11.5% compounded continuously? Round your answer to three decimal places.


A) 10.024 yr
B) 6.027 yr
C) 9.553 yr
D) 4.777 yr

Correct Answer:

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