Ask Question
4 August, 00:52

How long will it take for $600 to grow to $47,500 at an interest rate of 8% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

+2
Answers (1)
  1. 4 August, 01:00
    0
    It will take about 55.19 years.

    To find this problem, we have to solve the following equation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How long will it take for $600 to grow to $47,500 at an interest rate of 8% if the interest is compounded quarterly? Round the number of ...” 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