Henry is investing at a continuously compounded annual interest rate of 4.5%. How many years will it take for the balance to triple? Round your answer up to the nearest whole number, and do not include the units in your answer.

1 year

Step-by-step explanation:

Hello,

Continuously compounding with an annual interest rate of 4.5% means multiplying the initial investment by (for t tears).

So we need to find t so that:

Rounding to the nearest whole number gives 1 year.

Hope this helps.

Do not hesitate if you need further explanation.

Thank you

asdfghkl

step-by-step explanation:

asdfghkl