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Exponential growth and decay?

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Carl plans to invest $500 at 8.25% interest, compounded continously. How long will it take for his money to triple?

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  1. 13.3165126 years

    A = A0*e^(r*t)


  2. 13.86 years @ 8.25% will yield $1500.17 assuming the money earns interest once per year.
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