How long does it take an investment to triple?
It’s as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).
How long will it take an investment to triple in value if the interest rate is 3% compounded continuously?
It will take 7.85 years for the investment to triple.
How long will it take an investment to triple in value if the interest rate is 6% compounded continuously?
18 years
hence to the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6% per year.
How long will it take for an investment to triple if interest is compounded continuously at 12%?
Question: How long will it take for an investment to triple if it is compounded continuously at 12%? It will take about years to triple the investment. (Round to two decimal places as needed.)
How long will it take for an investment to triple in value if it earns 10.5% compounded continuously?
How long will it take money to triple if it is invested at 10.5% compounded continuously? It will take approximately 10.46 years for the initial investment to triple.
How long will it take an investment to triple if compounded continuously at 7?
It will take 15.7 years for the investment to triple.
How long will it take an investment to Triple?
How long, to the nearest year, will it take an investment to triple if it is continuously compounded at 6% per year? To the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6 % per year. An investment P compounded continuously at a rate of interest of r% per year for t years becomes
How long does it take for an investment to quadruple in value?
How long does it take an investment to quadruple in value if it earns 5% simple interest per year? How long does it take an investment to quadruple in value if it earns 5% simple interest per year? See if you can take it home from here.. Thanks for contributing an answer to Mathematics Stack Exchange!
How long, to the nearest year will it take an investment?
P ert, where e is the Euler’s number, an irrational number, after Leonhard Euler whose value is 2.71828182845904523536…. and logarithm to base e is mentioned as ln, known as natural log. hence to the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6 % per year.
