Register
You put $550 in an account that earns 2.5% annual interest compounded quarterly. In how many years will you have $1200?
199k views
2 votes
You put $550 in an account that

earns 2.5% annual interest
compounded quarterly. In how many
years will you have $1200?

User Boob
by
6.2k points

2 Answers

5 votes
You will earn 1200 in 32 years
User Oam Psy
by
6.1k points
4 votes
The answer is 31 years
User Rob Hardy
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.6m questions

10.2m 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!