Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 31HP
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![Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate
of 7.5 percent per year, compounded quarterly.
Your answer is t =
years.
You may enter the exact value or round to 2 decimal places.
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Transcribed Image Text:Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate
of 7.5 percent per year, compounded quarterly.
Your answer is t =
years.
You may enter the exact value or round to 2 decimal places.
Video Message instructor
Question Help:
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