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Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years.

Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = years.
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2 votes
Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate of 7.5

percent per year, compounded quarterly.
Your answer is t =
years.

asked
User Rens Van Der Heijden
by
7.7k points

1 Answer

2 votes

Answer:

i think its 3.5 years

Explanation:

answered
User James Mansfield
by
8.4k points
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