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Cloud [144]
3 years ago
8

Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5

Mathematics
1 answer:
umka2103 [35]3 years ago
4 0

Answer:

i think its 3.5 years

Step-by-step explanation:

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At the time of her​ grandson's birth, a grandmother deposits $ 3000 in an account that pays 3 % compounded monthly. What will be
GaryK [48]

Answer:

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Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

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t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

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