How long does it take a present value amount to triple if the expected return is 13.9%

After 8.444 year amount will be triple

Step-by-step explanation:

Let the principal amount is P

Amount is triple in some time so

Amount will be equal to

Expected rate of return %

We have to find the time in which amount is triple

We know that

Taking log both side

n = 8.444 year

So after 8.444 year amonut will be triple  

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98