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You invest $2.200. Your investment grows at an effective annual interest rate of 4% for T years, at which time it has accumulated to $8,000. Find T

You invest $2.200. Your investment grows at an effective annual interest rate of 4% for T years, at which time it has accumulated to $8,000. Find T
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You invest $2.200. Your investment grows at an effective annual interest rate of 4% for T years, at which time it has accumulated to $8,000. Find T

User Kensen John
by
8.3k points

1 Answer

10 votes
32.91, your equation is 2,200(1.04)^x=8000
User Kyrol
by
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