A bank account pays an interest of 4.4% compounded continuously. How long does it take the amount of money in the account to triple?

Question

anonymous · Answer

lol no bank compounds continuously, but no matter 
your job is to solve 
$$e^{0.044t}=3$$ for $t$
do you know how to do that?

anonymous · Answer

yes,

anonymous · Answer

k then that is all
use a calculator to get the numeric answer

anonymous · Answer

In(3)=0.44t
In(3)/0.44t
t=In(3)/0.44
t=25
answer: 25years??? 

Is that right?

anonymous · Answer

your decimal is in the wrong place i think
$4.4\%=.044$

anonymous · Answer

oh but 25 is right!

anonymous · Answer

you must have computed it correctly, just wrote it incorrectly
you have it , 25 years

anonymous · Answer

opps! yeah i typed that wrong

anonymous · Answer

k, you are done
good job
hope it is clear why you set it equal to 3

anonymous · Answer

thank you!! :D

anonymous · Answer

yw

tkhunny · Answer

@satellite73   I want to start a new bank, just so I can credit continuous interest.  Are you in?

anonymous · Answer

only if it is $100\%$ a year so i can finally have $\$e$

anonymous · Answer

45.45 years