04-05-2020
Mathematics

contestada

If Jim invests $1000, how many years will it take for him
to have $3000 given 8% interest compounded
quarterly? (round to 1 decimal place.)

Respuesta :

Аноним Аноним

04-05-2020

Answer:

14.3

Step-by-step explanation:

1000 * (1.08)^y = 3000 where y is the no of years

y=log1.08(3)

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