How Long Will It Take for an Investment to Triple

question 14

Multiple Choice

How long will it take for an investment to triple if interest is paid at 10%, compounded continuously?

• A) 30 years
• B) 3 years
• C) 8.6 years
• D) 11 years
• E) none of these

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Definitions:

Raining

The process of precipitation in the form of water droplets falling from clouds in the atmosphere to the ground.

Not Raining

The condition of the weather where no precipitation is occurring.

If-then Statement

A logical conditional statement stating that if one thing happens, then another will as well, expressing a causal or inferential relationship.

Asserted

Stated confidently or declared as true.