menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Applied Calculus
  4. Exam
    Exam 5: Exponential and Logarithmic Functions
  5. Question
    How Long Will It Take $4,000 to Grow to $7,500
Solved

How Long Will It Take $4,000 to Grow to $7,500

Question 47

Question 47

Short Answer

How long will it take $4,000 to grow to $7,500 if the investment earns interest at the rate of 15% / year compounded monthly? Round your answer to the nearest tenth.
__________ year(s)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: Three hundred students attended the dedication ceremony

Q43: Phosphorus 32 has a half-life of 14.2

Q44: The length (in centimeters) of a typical

Q45: A certain piece of machinery was purchased

Q46: Find an equation of the tangent line

Q48: For children between the ages of 5

Q49: Find the effective rate corresponding to the

Q50: The growth rate of the bacterium, a

Q51: Find the derivative of the function. <img

Q52: Use the curve-sketching guideline, to select the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines