Word Problem > Suppose interest is compounded continuously at an annual rate of 5%.
(A) How long will it take for the principal to triple?
(B) How long will it take for the principal to quadruple?
(A) How long will it take for the principal to triple?
(B) How long will it take for the principal to quadruple?

22 yrs
27.7 yrs
27.7 yrs