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Anni [7]
2 years ago
7

Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate of 7.5

Mathematics
1 answer:
Nutka1998 [239]2 years ago
4 0

Answer:

1.60 (rounded)

Step-by-step explanation:

I haven't done this in a while but you'd use the compound interest formula a=p(1+r)^n where a=8300 p=5000 r=0.075 and solve for n

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