Register
If Sarah invests $5,000 into a fund that earns 6% interest compounded annually, how long will it take for her investment to grow into $50,000? About 40 years About 4 years About 35 years About 20 years
60.4k views
4 votes
If Sarah invests $5,000 into a fund that earns 6% interest compounded annually, how long will it take for her

investment to grow into $50,000?
About 40 years
About 4 years
About 35 years
About 20 years

User XploshioOn
by
7.4k points

1 Answer

3 votes

My math says your answer would be A, About 40 years.

Here's my math to show how I got that:

If Sarah invests $5,000 into a fund that earns 6% interest compounded annually, how-example-1
User Yubaolee
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.4m questions

11.1m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!