If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times a year) at 6%, how long will it take for your money to triple? Use A = P(1+ 5nt %3D Solve for t. t = [?] years Round your answer to the nearest tenth.
If you put $2,000 into an interest bearing account, where interest is compounded quarterly (4 times a year) at 6%, how long will it take for your money to triple? Use A = P(1+ 5nt %3D Solve for t. t = [?] years Round your answer to the nearest tenth.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 13DE
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![cience of Learning x
Design-Mayville College
A Not secure admin261.acellus.com/StudentFunctions/Interface/acellus_engine.html?ClassID=44033.
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Compound Interest
xponential and Logarithmic Functions
If you put $2,000 into an interest
bearing account, where interest is
compounded quarterly (4 times a year) at
6%, how long will it take for your money
to triple?
Use A = P(1+ )"t
Solve for t.
t = [?] years
Round your answer to the nearest tenth.
Enter
gright 2003 -2021 Acellus Corporation. All Rights Reserved.
hp](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d019a31-fe02-4470-9a90-9d3c3bb588f3%2Fe42f8815-badf-46f5-a913-6ac7bcb4eab1%2F2xhr4wv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:cience of Learning x
Design-Mayville College
A Not secure admin261.acellus.com/StudentFunctions/Interface/acellus_engine.html?ClassID=44033.
国
Compound Interest
xponential and Logarithmic Functions
If you put $2,000 into an interest
bearing account, where interest is
compounded quarterly (4 times a year) at
6%, how long will it take for your money
to triple?
Use A = P(1+ )"t
Solve for t.
t = [?] years
Round your answer to the nearest tenth.
Enter
gright 2003 -2021 Acellus Corporation. All Rights Reserved.
hp
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