A man invests $5000 in an account that pays 7.5% interest per year, compounded quarterly. (a) Find the amount after 2 years? (Round your answer to the nearest cent.) $ (b) How long will it take for the investment to triple? (Round your answer to two decimal places.) x yr
A man invests $5000 in an account that pays 7.5% interest per year, compounded quarterly. (a) Find the amount after 2 years? (Round your answer to the nearest cent.) $ (b) How long will it take for the investment to triple? (Round your answer to two decimal places.) x yr
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 19E
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