How Long Will It Take an Investment to Triple If

question 8

Multiple Choice

How long will it take an investment to triple if it is continuously compounded at 15% per year ?
Select the correct answer rounded to the nearest year.

• A)15 years
• B) 13 years
• C) 8 years
• D) 4 years
• E) 7 years

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Definitions:

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Deeply held beliefs pertaining to religion or spirituality that guide an individual's thoughts and actions.

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A blunt term often used to describe a lack of intelligence, understanding, or foresight.

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A branch of psychology that studies the mind and behavior by using experimental methods.

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An outlook or system of thought attaching prime importance to human rather than divine or supernatural matters, emphasizing common human needs and seeking rational ways of solving human problems.