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40 Points!! Pls help ASAP.

40 Points!! Pls help ASAP.
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4 votes
40 Points!! Pls help ASAP.

40 Points!! Pls help ASAP.-example-1
User Dstandish
by
8.2k points

1 Answer

3 votes

Answer:


1500 {(1 + (.07)/(4) )}^(4t) = 2100


{1.0175}^(4t) = 1.4


t = ( ln(1.4) )/(4 ln(1.0175) ) = 4.849\: years

$600 interest will be earned in about 4.8 years.

User Spankymac
by
8.8k points
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