Find the time required for an investment of 5000 dollars to grow to 6400 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years, You may enter the exact value or round to 2 decimal places. Question Help: D Video Message instructor Submit Question

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 31HP
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Find the time required for an investment of 5000 dollars to grow to 6400 dollars at an interest rate of 7.5
percent per year, compounded quarterly.
Your answer is t =
years,
You may enter the exact value or round to 2 decimal places.
Question Help: D Video M Message instructor
Submit Question
Transcribed Image Text:Find the time required for an investment of 5000 dollars to grow to 6400 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years, You may enter the exact value or round to 2 decimal places. Question Help: D Video M Message instructor Submit Question
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