How many years would it take $50 to triple if it were invested in a bank that pays 3.8% per year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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How many years would it take $50 to triple if it were invested in a bank that pays 3.8% per year?

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