luccat2003 luccat2003
  • 13-10-2020
  • Mathematics
contestada

If $5000 was invested at a rate of 5%, how many years would it take to triple if it is compounded daily

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blackgoddess82
blackgoddess82 blackgoddess82
  • 13-10-2020

Answer:

If your money earns a 5 percent interest rate, it will triple in 23 years (115 divided by 5 equals 23).

Step-by-step explanation:

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brestanley715
brestanley715 brestanley715
  • 13-10-2020
Answer...
23 years

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