If you want to triple your money at an interest rate of 6% per year...
90.2K
Verified Solution
Link Copied!
Question
Accounting
If you want to triple your money at an interest rate of 6% per year compounded annually, for how many years would you have to leave the money in the account?
12 years
19 years
cannot be determined without knowing the amount invested
32 years
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!