If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times a year) at 6%, how long will it take for your money to triple? Use A = P(1+ 5nt %3D Solve for t. t = [?] years Round your answer to the nearest tenth.

If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times a year) at 6%, how long will it take for your money to triple? Use A = P(1+ 5nt %3D Solve for t. t = [?] years Round your answer to the nearest tenth.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Compound Interest
xponential and Logarithmic Functions
If you put $2,000 into an interest
bearing account, where interest is
compounded quarterly (4 times a year) at
6%, how long will it take for your money
to triple?
Use A = P(1+ )"t
Solve for t.
t = [?] years
Round your answer to the nearest tenth.
Enter
gright 2003 -2021 Acellus Corporation. All Rights Reserved.
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