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Author Question: How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of ... (Read 93 times)

storky111

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Question 1

How long, in compounding periods, will it take for $3327 to increase by $3799 if you are able to earn 6.2% compounded semi-annually?
◦ 4.56
◦ 24.95
◦ 4.95
◦ 42.95
◦ 6.45

Question 2

How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months)?
◦ 4 years 3.84 months
◦ 8 years 1.69 months
◦ 4 years .64 months
◦ 7 years 7.69 months
◦ 3 years 4.79 months


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Marked as best answer by storky111 on Jun 6, 2019

JYan

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