Register
Question 4 20 pts You invest $3000 into an account that has a 3.7% annual interest rate and is compounded monthly. How long will it take until you have doubled your money? a.38.56 years b.1.6 years c.18.
381,960 views
37 votes
37 votes
Question 4

20 pts
You invest $3000 into an account that has a 3.7% annual
interest rate and is compounded monthly. How long will it
take until you have doubled your money?


a.38.56 years
b.1.6 years
c.18.76 yigars
d.231.29 years

User Ryan Romanchuk
by
2.9k points

2 Answers

17 votes
17 votes
your answer is B
hope this helps
User MichaSchumann
by
3.2k points
23 votes
23 votes

Answer: the answer should be b.1.6 years

Explanation:

User Mikerojas
by
2.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!