Ask Question
6 June, 09:28

On your ninth birthday, you received $300 which you invested at 4.5 percent interest, compounded annually. your investment is now worth $756. how old are you today?

+4
Answers (1)
  1. 6 June, 12:14
    0
    300 (1+0.045) ^n = 756

    1.045^n = 756/300 = 2.52

    n = 21 year

    Your age = 9+21 = 30
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On your ninth birthday, you received $300 which you invested at 4.5 percent interest, compounded annually. your investment is now worth ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers