$3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.)
A)37.62 yr
B)36.62 yr
C)35.62 yr
D)34.62 yr
E)38.62 yr

Question

$3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) ​  ​
A)37.62 yr 
B)36.62 yr 
C)35.62 yr 
D)34.62 yr 
E)38.62 yr

Quizplus · Accepted Answer

The Answer of $3000 is invested in an account at interest rate r, compounded continuously.Find the time required for the amount to triple.(Approximate the result to two decimal places.) ​  ​
A)37.62 yr 
B)36.62 yr 
C)35.62 yr 
D)34.62 yr 
E)38.62 yr

$3000 Is Invested in an Account at Interest Rate R