Word Problem > Suppose interest is compounded continuously at an annual rate of 5%. (A) How long will it take
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Word Problem > Suppose interest is compounded continuously at an annual rate of 5%. (A) How long will it take

[From: ] [author: ] [Date: 11-05-16] [Hit: ]
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Word Problem > Suppose interest is compounded continuously at an annual rate of 5%.
(A) How long will it take for the principal to triple?
(B) How long will it take for the principal to quadruple?

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22 yrs
27.7 yrs
1
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