How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5 years Оb. 6.3 years O c. 10.7 years O d. 7.1 years
How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5 years Оb. 6.3 years O c. 10.7 years O d. 7.1 years
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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![How long will take it for money to quadruple itself if invested at 20% compounded quarterly?
Oa.
9.5 years
ОБ. 6.3 years
Ос.
10.7 years
O d. 7.1 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c7599e0-d5fb-4dfc-ac2c-392941567b5a%2F4c8d1f21-182d-47de-8061-870ac7b11a67%2Fk4k0sc6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How long will take it for money to quadruple itself if invested at 20% compounded quarterly?
Oa.
9.5 years
ОБ. 6.3 years
Ос.
10.7 years
O d. 7.1 years
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