Math Problem Statement
How long will it take for an investment to triple, if interest is compounded continuously at 8%? Question content area bottom Part 1 It will take
enter your response here years before the investment triples.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Exponential Functions
Continuous Compounding
Natural Logarithm
Formulas
Continuous compounding formula A = P e^(rt)
Theorems
-
Suitable Grade Level
Grades 11-12
Related Recommendation
How Long Will It Take for an Investment to Triple with Continuous Compounding at 7%?
How Long Will It Take for Alice’s Investment to Triple with 4% Compound Interest?
Calculate Annual Interest Rate with Continuous Compounding Over 8 Years
How Long Will It Take for $10,000 to Grow to $15,000 with 8% Continuous Compounding?
Understanding Investment Growth: Simple vs. Compound Interest Explained