mikeneymar498 mikeneymar498

16-04-2024
Business

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Use the following formula for compound interest. If P dollars in invested at an annual interest rate r (expressed as a decimal) compounded n times yearly, the amount of A after t years is given by
A=P(1+r/n)ⁿᵗ
How long will it take a sum of money to triple if it is invested at 10% compounded daily?

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