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    Introductory and Intermediate Algebra Study Set 1
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    Exam 13: Exponential Functions and Logarithmic Functions
  5. Question
    Solve. -How Long Must $5400 Be in a Bank at 5
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Solve. -How Long Must $5400 Be in a Bank at 5

Question 101

Question 101

Multiple Choice

Solve.
-How long must $5400 be in a bank at 5% compounded annually to become $9697.62? (Round to the nearest year.)


A) 14 yr
B) 12 yr
C) 13 yr
D) 11 yr

Correct Answer:

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