Determine interest rate?
Determine the interest rate required to triple an investment in twelve years under continuous compounding.
- BryceLv 72 months agoFavorite Answer
r ≈ 0.0916 or 9.16%
- olliverLv 62 months ago
i to triple = LN(3) / n
i to triple = LN(3) / 12 = 9.16%
- zman492Lv 72 months ago
According to the calculator at
the interest rate would be 9.15%