Suppose $1,000 was deposited into an account compounded quarterly that grew to $1,490 at rate of 6%. How long did it take for this to occur?

A (1 + i)^n = 1490    time for amount to reach 1490

(1 + i)^n = 1.49    since A = $1000

n log (1 + .06/4) = log 1.49       take log of both sides at 1.5% per quarter

n = log (1.49) / log 1.015  = 26.78 periods or 6.695 years

(compare to 6.843 years compounded annually)

10/60

step-by-step explanation:

if you divide 10 by 60 the answer is 0.166666 while if you divide or solve the other problems it equals 0.6

mia khalifa

step-by-step explanation: