Solved

Compute the Compound Interest $3300\$ 3300 To Grow To $14,800\$ 14,800 At an Interest Rate Of

Question 146

Multiple Choice

Compute the compound interest.
-How long will it take for $3300\$ 3300 to grow to $14,800\$ 14,800 at an interest rate of 4.1%4.1 \% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.


A) 109.95yr109.95 \mathrm{yr}
B) 37.35yr37.35 \mathrm{yr}
C) 36.79yr36.79 \mathrm{yr}
D) 147.16yr147.16 \mathrm{yr}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q141: Solve.<br>- <span class="ql-formula" data-value="\log _{5}\left(x^{2}-14 x+59\right)=\log

Q142: For the given function <span

Q143: Rewrite in exponential form.<br>- <span class="ql-formula"

Q144: Use the formula <span class="ql-formula"

Q145: The sales of a mature product

Q147: Solve.<br>- <span class="ql-formula" data-value="\left(\frac{1}{5}\right)^{6 x-14}=\frac{1}{625}"><span class="katex"><span

Q148: Evaluate the given function<br>- <span class="ql-formula"

Q149: For the given logarithmic function, find

Q150: Rewrite as a single logarithm using

Q151: Determine whether the graph is the graph