Solution
Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Solution
Solution steps
Translate the problem into an equation:
Solve for
Popular Examples
two fair dice are thrown once.what is the probability of getting the sum of the numbers on face up is 8The radius of a circle is 6 feet. What is the circumference?Give the exact answer in simplest form. feetIf twice a number added to 3 is divided by the number plus 2 , the result is five thirds. Find the number.the quotient of a number and three is tenThe sum of six times a number x and forty-six is seventy.