How Long Will It Take an Investment Of $\$ 300$ To Triple, If the Interest Rate Is

question 34

Short Answer

How long will it take an investment of $\$ 300$
to triple, if the interest rate is $9.5 \%$
per year compounded continuously?

---

Definitions:

Net Income

The amount of a company’s profit after all expenses, taxes, and costs have been subtracted from total revenue.

Profit Margin

Profit margin is a financial metric that calculates the percentage of revenue that exceeds the costs of production, indicating how much profit a company makes for each dollar of sales.

Debt/Equity Ratio

A calculation that shows how much a company relies on borrowed funds, found by dividing the sum of its liabilities by the equity owned by shareholders.

Long-term Debt Ratio

A financial ratio that shows the proportion of a company’s long-term debt compared to its total assets.