Register

Clara invests $5,000 in an account that pays 6.25% interest per year. After how many years will her investment be worth $10,000? 11.4 yr 14.1 yr 12.6 yr 13.7 yr

Clara invests $5,000 in an account that pays 6.25% interest per year. After how many years will her investment be worth $10,000? 11.4 yr 14.1 yr 12.6 yr 13.7 yr
asked 104k views
2 votes
Clara invests $5,000 in an account that pays 6.25% interest per year. After how many years will her investment be worth $10,000?

11.4 yr
14.1 yr
12.6 yr
13.7 yr

asked
User Mozes Ong
by
9.2k points

1 Answer

6 votes
T=log(10000/5000)/log(1.0625)=11.4y
answered
User PJx
by
8.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!