rachelalv22zz rachelalv22zz

10-09-2020
Mathematics

contestada

Jessica deposited $2000 into an account with a 7.6% annual interest rate, compared quarterly. Assuming that no withdrawals are made, how long will it take for the investment to grow to $3722?

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muhammadbsse3837 muhammadbsse3837

10-09-2020

Answer:

Step-by-step explanation:

use

i=prt

i=interest

p= principal value

r=rate

t=time

now you want to find time then it will be

t= i/pr

put values

t= 3722/(2000*7.6%)

t= 2 years

calculation is in fraction but your question given you annual interest so time will also be 2 years not in months

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sugienike sugienike

10-09-2020

Dunno bro FuzfzufRiejFzkduGn hdKguf h

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