Solved

How Long Did It Take for $1635 to Increase to $2310

Question 27

Multiple Choice

How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months) ?


A) 7 years 7.69 months
B) 4 years .64 months
C) 3 years 4.79 months
D) 4 years 3.84 months
E) 8 years 1.69 months

Correct Answer:

verifed

Verified

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

Related Questions