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The balance owed on your credit card is $3,000. The card has APR of 19%, compounded continuously. How many years will it take for the amount to be tripled

 Feb 9, 2020
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$ 9000 = 3000 e^(.19t)

3 = e^(.19t)

ln3 = .19t

t = 5.78 yrs

 Feb 9, 2020

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