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azamat
3 years ago
9

david invest $10,000 in a CD that pays 8% compounded quarterly. how long will it take his investment to double

Mathematics
1 answer:
mylen [45]3 years ago
6 0

Answer:

Step-by-step explanation:

1. Write a equation

10,000(1+\frac{0.08}{4})^4^x

2. plug in 20,000 to y

20,000=10,000(1+\frac{0.08}{4})^4^x

3. Solve

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