Examlex

Solved

Solve the Problem. -How Long Will It Take for $1100 to Grow to to Grow

question 181

Multiple Choice

Solve the problem.
-How long will it take for $1100 to grow to $4800 at an interest rate of 10.9% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.


Definitions:

Related Questions