Calculate the Number of Years for Money to Triple at 3.6

question 65

Essay

Calculate the number of years for money to triple at 3.6% p.a. compounded monthly.

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Definitions:

Enforcement Provisions

Regulatory mechanisms or clauses in laws or agreements that ensure compliance through specific actions and penalties.

Knowledge And Competence

The understanding, skills, and ability required to perform tasks effectively and efficiently.

Service To The Public

Efforts or duties performed by individuals or organizations aimed at benefiting the community or general populace.

Extralegal Force

Force used by an authority or individual that is not sanctioned by law, often implicating a violation of legal or ethical standards.