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Mathematics Clinic => Pre-calculus => Topic started by: Frost2351 on Mar 20, 2019

Title: Find out how long it takes a $2900 investment to earn $400 interest if it is invested at 7% ...
Post by: Frost2351 on Mar 20, 2019

Find out how long it takes a $2900 investment to earn $400 interest if it is invested at 7% compounded semiannually. Round to the nearest tenth of a year.  Use the formula
◦ 1.7 years
◦ 2.3 years
◦ 1.9 years
◦ 2.1 years

Title: Find out how long it takes a $2900 investment to earn $400 interest if it is invested at 7% ...
Post by: ebe on Mar 20, 2019

1.9 years