Determine how many years it will take for a $1,000 investment to triple if the interest rate is 9.5% compounded quarterly. Please round your answer to two decimal places
Determine how many years it will take for a $1,000 investment to triple if the interest rate is 9.5% compounded quarterly. Please round your answer to two decimal places
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Question
Determine how many years it will take for a $1,000 investment to triple if the interest rate is 9.5% compounded
quarterly. Please round your answer to two decimal places
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