Register

How long would it take $3,500 to grow to $8,400 if the annual rate is 4.9% and interest in compounded monthly?

How long would it take $3,500 to grow to $8,400 if the annual rate is 4.9% and interest in compounded monthly?
asked 160k views
3 votes
How long would it take $3,500 to grow to $8,400 if the annual rate is 4.9% and interest in compounded monthly?

asked
User Tooshel
by
8.3k points

1 Answer

6 votes
I believe the answer is 2 years and 4 months
answered
User Richard Astbury
by
7.7k points
← Prev Question Next Question →

No related questions found

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

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!