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

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section: Chapter Questions
Problem 1bM
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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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