Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
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Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate
of 7.5 percent per year, compounded quarterly.
Your answer is t =
years.
Transcribed Image Text:Find the time required for an investment of 5000 dollars to grow to 8200 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years.
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