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

question 31

Essay

How long will it take an investment of $\$ 300$ to triple, if the interest rate is $3.5 \%$ per year compounded continuously? 

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Definitions:

Notify

To formally inform or give notice to someone about an event, decision, or action that concerns them or requires their attention.

Life Insurance Policy

A contract between an insurance policyholder and insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Drunken Rage

A state of extreme anger and aggressive behavior induced by excessive consumption of alcohol.

Entire Amount

The full or total quantity or sum without deduction or exception.