4:23 minutes
Problem 85
Textbook Question

Use the formula for continuous compounding to solve Exercises 84–85. What annual rate, to the nearest percent, is required for an investment subject to continuous compounding to triple in 5 years?

Verified Solution
This video solution was recommended by our tutors as helpful for the problem above.
Was this helpful?

Watch next

Master Application of Exponential Growth with a bite sized video explanation from

Start learning