If it takes 7 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?

Answer 1

2 = e^7t\k

ln 2 = 7k

0.693 ≈ 7k

0.099 ≈ k

3 = e^0.099t

ln 3 = 0.099t

1.099 ≈ 0.099t

11.097 ≈ t