Shawnee is putting $3,500 into an account earning 4.85% interest compounded quarterly. She estimates that it will take just over
11 years for this investment to grow to $6,000. Which of the following is a true statement? a.
Shawnee’s estimate of the time is too low.
b.
Shawnee’s estimate of the time is correct.
c.
Shawnee’s estimate of the time is too high.
d.
Shawnee does not have enough information to estimate the time.
If there is a variable term and a constant on each side of the equation, then you will need to use the addition or subtraction property of equality once to isolate the variable term and once to isolate the constant.
