Zeldah097 Zeldah097

03-04-2017
Mathematics

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Calculate how long it would take an investment to triple if the interest rate is 10% compounded annually

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Aliwohaish12 Aliwohaish12

03-04-2017

3=(1.10)^t
Log(3)=t*log(1.10)
t=log(3)÷log(1.10)
t=11.5 years

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