Find the time required for a sum of money totriple itself at 5% per annum compoundedcontinuously.18.23 years23.36 years7.с.25.34 yearsа.b.d.21.97 years

Given Raate of interest=5℅ Let principle amount=100 Future principle amount=300

Answered: Find the time required for a sum of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Find the time required for a sum of money to triple itself at 5% per annum compounded continuously. 18.23 years 25.34 years 21.97 years с. 1. 23.36 years p. d.