shanelljconnelly shanelljconnelly

13-01-2023
Mathematics

Answered

An amount of money is deposited in an account that pays 8% annual interest that is compounded 4 times per year.
How long will it take for the amount to triple? (round to 3 decimal places)
How long will is take for the amount to triple if the interest is compounded continuously? (round to three decimal places)

Answer :

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