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Solve the Problem. -Find Out How Long It Takes a $2900 Investment to $2900

question 19

Multiple Choice

Solve the problem.
-Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula Solve the problem. -Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula A) 1.5 yr B) 1.1 yr C) 1.3 yr D) 0.9 yr

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