Jessica deposited $2000 into an account with a 7.6% annual interest rate, compared quarterly. Assuming that no withdrawals are m

Question

3 years ago

8

ade, how long will it take for the investment to grow to $3722?

2 answers:

joja [24] · Answer 1 · 2022-05-07T21:15:05+03:00

Answer:

Step-by-step explanation:

use

i=prt

i=interest

p= principal value

r=rate

t=time

now you want to find time then it will be

t= i/pr

put values

t= 3722/(2000*7.6%)

t= 2 years

calculation is in fraction but your question given you annual interest so time will also be 2 years not in months

SVEN [57.7K] · Answer 2 · 2022-05-07T22:54:28+03:00

8 0

Dunno bro FuzfzufRiejFzkduGn hdKguf h