Maria J.
asked 07/29/18
If it takes 6 years for money to double in an account that is compounded continuously, how many years will it take money to triple in that same account?
Mark M.
answered 07/29/18
Mathematics Teacher - NCLB Highly Qualified
2 = e6r
ln 2 = 6r
(ln 2) / 6 = r
3 = etr
3 = et((ln 2) / 6)
ln 3 = t((ln 2) / 6)
Can you solve for t and answer?
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