An investment compounds annually at an interest rate of 34.1% What is the smallest investment period by which time the investment will more than triple in value?  Answers:
A) 3	B) 4	C) 6	D) 9	E) 12
Assume initial amount is x   Annual Interest is 34.1% so after 1 year the amount will become x * (100+34.1)/100 =&gt; x*4/3   now we need to find n for x * (4/3)^n = 3x ;or in other words n = 4   ANSWER:4
<result>B</result>
An investment compounds annually at an interest rate of 34.1% What is the smallest investment period by which time the investment will more than triple in value?