
Mark M. answered 12/14/20
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
33550 = 31000(1 + 0.04/12)12t
Can you solve for t and answer?
Bailey W.
asked 12/14/20How much time will be needed for $31,000 to grow to $33,550.67 if deposited at 4% compounded monthly?
Mark M. answered 12/14/20
Mathematics Teacher - NCLB Highly Qualified
33550 = 31000(1 + 0.04/12)12t
Can you solve for t and answer?
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