Solve the problem.
-Find out how long it takes a $3000 investment to earn $300 interest if it is invested at 8% compounded quarterly. Round to the nearest tenth of a year. Use the formulala
A) 1.4 yr
B) 1.6 yr
C) 1.2 yr
D) 1 yr
Correct Answer:
Verified
Q191: Solve the equation. Use a calculator
Q192: Solve the equation. Use a calculator
Q193: Solve the equation. Use a calculator
Q194: Solve the equation. Use a calculator
Q195: Solve the equation. Use a calculator
Q197: Solve the problem.
-Luis invests $1000 into an
Q198: Solve the equation. Use a calculator
Q199: Solve the equation. Use a calculator
Q200: Solve the equation. Use a calculator
Q201: Solve the equation.
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