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max2010maxim [7]

2 years ago

11

A person invest $8800 in an account at 7% interest compounded annually. When will the value of the investment be 13,200? (Type a

n integer or decimal rounded two decimal places as needed)

1 answer:

Nitella [24]2 years ago

7 0

Answer:

21.43

Step-by-step explanation:

Turn 7 percent to a decimal: 0.07

8800 × 0.07 = 616

13,200÷616=21.4285 etc

Round two decimal places

21.43

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