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noname [10]
3 years ago
10

You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?

Business
1 answer:
TiliK225 [7]3 years ago
3 0
Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years
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WARRIOR [948]

False

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5 0
4 years ago
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sukhopar [10]

Answer:

Yes, she should buy

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As a percentage, the margin will be

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4 0
3 years ago
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6 0
4 years ago
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andreyandreev [35.5K]

Answer:

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5 0
3 years ago
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