Algebra

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Difficult

Compound Interest with Time

ALGEBR-1WJ@HQ

You have decided to invest $\$1,000$ in an account that compounds daily at $3.5$%.

How long will you need to leave the money in the account in order to triple your investment?

A

About $35$ years.

B

About $23$ years.

C

About $17$ years.

D

About $31$ years.