Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded continuously. How long, in years, will it take the account to triple in value? Round your answer to the nearest tenth.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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Mary invested her $42, 000 bonus in an account
earning 7.2% annual interest that is compounded
continuously. How long, in years, will it take the
account to triple in value? Round your answer to the
nearest tenth.
Transcribed Image Text:Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded continuously. How long, in years, will it take the account to triple in value? Round your answer to the nearest tenth.
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