Find the time required for an investment of 4,000 dollars to grow to 9,000 dollars at an interest rate of 5% per year, compounded monthly. Give your answer accurate to 2 decimal places. years.

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asked May 8, 2023 33.6k views

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Find the time required for an investment of 4,000 dollars to grow to 9,000 dollars at an interest rate

of 5% per year, compounded monthly. Give your answer accurate to 2 decimal places.
years.

Find the time required for an investment of 4,000 dollars to grow to 9,000 dollars-example-1

Mathematics
college

Anshul Nigam asked

by Anshul Nigam

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Answer:

25 years

Explanation:

Pxthxk answered May 12, 2023

by Pxthxk

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