What percentage compound interest rate (to 2D) will triple the value of an investment over a period of 5 years?

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3 Answers

I assume it is compounded yearly.

p(r)^5 =3p

r^5=3

r=1.2457

.2457--> .25--> 25%
by Level 5 User (12.9k points)
wil  i think it defends on how to show your studies  the interest investment.
by
550 = 500(1+r/12)^12
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