Sandy R.
asked • 12/19/18Find how long it will take for $1100 invested at per year compounded daily to triple in value. Find the answer to the nearest year.
More
1 Expert Answer
Rushi J. answered • 12/23/18
Tutor
5.0
(65)
Experienced Tutor and Actuary with a Degree in Math and Economics
3300 = 1100(1+(i/365))^(t/365)
You will need i in this question then you can solve for t.
Feel free to reach out if you want an online tutor.
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
Mark M.
The rate is needed.12/19/18