The number of years it would take $4000 to grow to $4616 is 2.92 years.
<h3>How many years would it take the investment to have a value of $4616?</h3>
When an amount earns compound interest compounded semi annually, it means that both the amount invested and the interest accrued increases in value twice yearly.
Number of years = (In FV / PV) / r
- r = 9.8/2 = 4.90%
- FV = future value = 4616
- PV = present value = 4000
(In 4616 / 4000) / 0.049 = 2.92 years
Answer:
no solution
Step-by-step explanation:
2x-5=8x+7-6x
2x-5=2x+7
-5=7
Not true so no solution
You can buy 2 green shirts for 23 dollars, so you have 7.1 dollars left! Or $7.10 left.
Hello,
Five sixths of forty two is = 35.