Jorge invested $\$ 7500$ at $8 \%$ compounded semiannually. In how many years will Jorge's investment have tripled? Round your answer to the nearest tenth of a year.
A) 13.7 years
B) 1.5 years
C) 14 years
D) 6.2 years

Question

Quizplus · Accepted Answer

The Answer of Jorge invested $\$ 7500$ at $8 \%$ compounded semiannually. In how many years will Jorge's investment have tripled? Round your answer to the nearest tenth of a year.
A) 13.7 years
B) 1.5 years
C) 14 years
D) 6.2 years

Jorge Invested $7500\$ 7500$7500 At 8%8 \%8% Compounded Semiannually

Jorge Invested $\$ 7500$ At $8 \%$ Compounded Semiannually