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14.07.2019 •
Mathematics
How long will it take for the money to triple? compounded continuously.
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Ответ:
The formula for compounded continuously is :
Here the Amount triples , so let us say the new amount A=3P
Cancelling P from both sides we get,
Now here we are given rate is 2.75% or 0.0275,
solving for t we get
t=39.95 years
Ответ: