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    Mathematics
  3. Study Set
    Elementary Intermediate Algebra
  4. Exam
    Exam 12: Logarithmic and Exponential Functions
  5. Question
    Compute the Compound Interest
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Compute the Compound Interest

Question 43

Question 43

Multiple Choice

Compute the compound interest.
-How long must $4200 be in a bank at 6% compounded annually to become $7521.56? (Round to the nearest year.)


A) 10 yr
B) 11 yr
C) 12 yr
D) 9 yr

Correct Answer:

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