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Solve the Problem 14yr14 \mathrm { yr } B) 12yr12 \mathrm { yr }

Question 54

Multiple Choice

Solve the problem.
-How long must $5700 be in a bank at 5% compounded annually to become $10,748.20? (Round to the nearest year.)


A) 14yr14 \mathrm { yr }
B) 12yr12 \mathrm { yr }
C) 13yr13 \mathrm { yr }
D) 15yr15 \mathrm { yr }

Correct Answer:

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