KatCoda KatCoda

03-03-2017
Mathematics

contestada

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

Respuesta :

Aliwohaish12 Aliwohaish12

03-03-2017

T=log(10000/5000)/log(1.0625)=11.4y

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