The interest rate that will triple an initial investment in 10 years is equal to a. 11.61% b. 29.99% c. 19.97% d. 15.47%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Financial Accounting

The interest rate that will triple an
initial investment in 10 years is
equal to
a. 11.61%
b. 29.99%
c. 19.97%
d. 15.47%
Transcribed Image Text:The interest rate that will triple an initial investment in 10 years is equal to a. 11.61% b. 29.99% c. 19.97% d. 15.47%
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