If Money Is Invested at an Annual Return Rate of R

question 76

Short Answer

If money is invested at an annual return rate of r%, the number of years it takes to triple in value is given by $t = \frac { 100 \ln 3 } { r }$ ( r expressed as a percent ) . How long would it take the value of a mutual fund to triple if it averages 13% growth per year? Round to the nearest tenth of a year.

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Definitions:

Light Pupillary Reflex

The light pupillary reflex is the involuntary constriction of the pupil in response to light exposure, helping to protect the retina from excessive light damage.

Constriction

Constriction refers to the narrowing of a passage or vessel, often as a response to nerve signaling or chemical stimuli.

Iris

The colored part of the eye that controls the size of the pupil and, consequently, the amount of light that enters the eye.

Ventral Body

Pertaining to the front or anterior part of the body; opposite to the dorsal side.