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    Precalculus Study Set 3
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    Exam 5: Inverse, Exponential, and Logarithmic Functions
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    Solve the Problem. -How Long Must $4700 Be in a Bank at 6
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Solve the Problem. -How Long Must $4700 Be in a Bank at 6

Question 393

Question 393

Multiple Choice

Solve the problem.
-How long must $4700 be in a bank at 6% compounded annually to become $7067.06? (Round to the nearest year.)


A) 9 yr
B) 6 yr
C) 8 yr
D) 7 yr

Correct Answer:

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