money invested at x % , compounded annually , triples in value in approximately every 112 / x years . if $ 1500 is invested at a rate of 8 % , compounded annually , what will be its approximate worth in 28 years ?
"x = 8 % 112 / x years = 112 / 8 = 14 years now , money triples every 14 years therefore , in 14 yrs , if $ 1500 triples to $ 4500 , in 28 years , it will again triple to $ 4500 * 3 = $ 13,500 answer c"
multiply(1500, power(const_3, divide(28, divide(112, 8))))