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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…

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…
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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
User Anshul Nigam
by
8.0k points

1 Answer

4 votes

Answer:

25 years

Explanation:

User Pxthxk
by
8.4k points
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