3=(1+r/365)^365(19)
3 = (1 + r/365)365·19
Multiply 365 by 19: 3 = (1 + r/365)6935
Find the 6935 power of 3: 31/6935 = 1 + r/365
Subtract 1 from both sides: 31/6935 - 1 = r/365
Multiply both sides by 365: 3659( 31/6935 - 1 ) = r
Calculate: r = 5.78% (approximately)
3=(1 + r/365)^6935
Log(3) =6935 Log(1 + r/365)
0.477121 =6935 Log(1 + r/365)
Log(1 + r/365) =6.87990e-5
1 + r/365 = 1.00015843
r/365 = .00015843
r =.00015843 x 365
r=0.0578 x 100
r = 5.78% compounded daily.