a) How long will it take for her money to triple?
Let A be the beginning amount .....note 5+3/8% = .05375.... and we have
3A = Ae^(.05375 t) divide both sides by A
3 = e^(.05375t) tkae the ln of both sides
ln 3 = ln e ^ (.05375t) and we can write
ln 3 = (.05375t) ln e and since ln e = 1, we can ignore this
ln 3 = (.05373t) divide both sides by .05735
ln (3) / .05375 = t = about 20.44 years
b) How long will it take for her money to sextuple?
The process is similar to the first one......at the end we will have
ln (6) / .05375 = t = about 33.34 years