Solve the problem.
-Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula
A) 1.5 yr
B) 1.1 yr
C) 1.3 yr
D) 0.9 yr

Question

Solve the problem.
-Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula 
A) 1.5 yr 
B) 1.1 yr 
C) 1.3 yr 
D) 0.9 yr

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula 
A) 1.5 yr 
B) 1.1 yr 
C) 1.3 yr 
D) 0.9 yr

Solve the Problem. -Find Out How Long It Takes a $2900 Investment to $2900