Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t= %3D years. Question Help: DVideo D Post to forum Submit Question

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate of 7.5
percent per year, compounded quarterly.
Your answer ist =
years.
Question Help: DVideo D Post to forum
Submit Question
Tch
144
ho
%
&
7.
Y
00
5.
近
3.
Transcribed Image Text:Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer ist = years. Question Help: DVideo D Post to forum Submit Question Tch 144 ho % & 7. Y 00 5. 近 3.
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