subject
Mathematics, 05.05.2020 15:36 itsdria

A sum of money is invested at 12% compounded quarterly. About how long will it take for the amount of money to double?
Compound interest formula: V(t)=P(1+r/n)nt
t = years since initial deposit
n = number of times compounded per year
r= annual interest rate (as a decimal)
p = initial (principal) investment
V(t)= value of investment after t years

5.9 years
6.1 years
23.4 years
24.5 years

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
The volume of a cube is 8 in to the 3rd power. how long is each side?
Answers: 1
question
Mathematics, 21.06.2019 18:30
An ulcer medication has 300 milligrams in 2 tablets. how many milligrams are in 3 tablets?
Answers: 1
question
Mathematics, 21.06.2019 18:50
Which of the following is a function? a.) {(-2, -4/5), (-1,-,,-1)} b.) {(-2,,1/,3/,1)} c.) {(-22)} d.) {(-21)}
Answers: 3
question
Mathematics, 21.06.2019 20:40
The roots of the function f(x) = x2 – 2x – 3 are shown. what is the missing number?
Answers: 2
You know the right answer?
A sum of money is invested at 12% compounded quarterly. About how long will it take for the amount o...
Questions
question
Mathematics, 23.05.2020 06:58
question
History, 23.05.2020 06:58
question
Medicine, 23.05.2020 06:58
Questions on the website: 13722360