Register
simone invests $8000 in an account that compounds interest quarterly and earns 5%. How long will it take for his money to double?
210k views
4 votes
simone invests $8000 in an account that compounds interest quarterly and earns 5%. How long will it take for his money to double?

User Surya Wijaya Madjid
by
4.8k points

1 Answer

5 votes

Answer:

It would take 2 years to double

Explanation:

User Smhg
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
1/7 + 3/14 equivalent fractions
185g in the ratio 2:3
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
The function h = -t2 + 95 models the path of a ball thrown by a boy where h represents height, in feet, and t represents the time, in seconds, that the ball is in the air. Assuming the boy lives at sea
Link Copied!