
Mark M. answered 05/01/21
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
8300 = 5000(1 + 0.075/4)4t
1.66 = (1.01875)4t
Can you solve for t and answer?
Susan J.
asked 05/01/21Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate of 7.5 percent per year, compounded quarterly.Your answer is t= ____ years.
Mark M. answered 05/01/21
Mathematics Teacher - NCLB Highly Qualified
8300 = 5000(1 + 0.075/4)4t
1.66 = (1.01875)4t
Can you solve for t and answer?
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Susan J.
How would I solve it ?05/02/21