9514 1404 393
Answer:
25.5 years
Step-by-step explanation:
The multiplier for continuous compounding at annual rate r for t years is ...
e^(rt)
You want the value of t when that is 3 and r=0.043.
3 = e^(0.043t)
ln(3) = 0.043t
t = ln(3)/0.043 ≈ 25.549 . . . . years
