Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of 6% compounded quarterly. How long will take for 600$ to amount to 900$?
Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of 6% compounded quarterly. How long will take for 600$ to amount to 900$?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of 6% compounded quarterly. How long will take for 600$ to amount to 900$?
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