Kat D.

asked • 07/27/22

Exponential & Logarithmic Functions

Use the formula A=P (1+ r/n)nt to solve these compound interest problems. Round to the nearest tenth.


Find how long it takes a $1200 investment to earn $200 interest if it is invested at 9% interest compounded quarterly.

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.