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If Money Doubles at a Certain Rate of Interest Compounded

question 67

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If money doubles at a certain rate of interest compounded monthly in 6 years,how long will it take for the same amount of money to triple in value?


Definitions:

Oil-immersion Lens

A microscope lens that uses oil immersion to increase resolution by minimizing refraction.

Field Diameter

The visible area observed through the microscope lens; its size depends on the magnification power.

High-powered Objective

An objective lens used in microscopy with high magnification capabilities, allowing for the detailed observation of minute specimens.

Micrometers

Units of length in the metric system equal to one millionth of a meter, commonly used in science and engineering for precise measurements.

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