If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your money? Round your answer to the nearest hundredth.
If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your money? Round your answer to the nearest hundredth.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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![.If you invest $30,000 at 4.76% interest
paid quarterly, how long would it take
you to double your money? Round your
answer to the nearest hundredth.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34a94062-c976-4c22-b174-3fd3aadbb5eb%2F0792c2a7-3a76-44ec-836c-16c7f7ac16a4%2Fjspz73a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:.If you invest $30,000 at 4.76% interest
paid quarterly, how long would it take
you to double your money? Round your
answer to the nearest hundredth.
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