The number of years it would take an investment to triple with continuous compounding is 1.356 years.
The formula for calculating future value of an investment when there is continuous compounding is FV = A x [tex]e^{r}[/tex] x N
Where:
- A= amount
- e = 2.7182818
- N = number of years
- r = interest rate
- FV = future value
- FV / A = 3
N = log(3) / log(e) / 0.81 = 1.356 years
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