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Solve the Problem 7.2yr7.2 \mathrm { yr } B) 8.8yr8.8 \mathrm { yr }

Question 204

Multiple Choice

Solve the problem.
-Find the number of years for $8400 to grow to $12,900 at 6% compounded semiannually. Round to the nearest tenth of a year.


A) 7.2yr7.2 \mathrm { yr }
B) 8.8yr8.8 \mathrm { yr }
C) 6.4yr6.4 \mathrm { yr }
D) 7.3yr7.3 \mathrm { yr }

Correct Answer:

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