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KatCoda
KatCoda KatCoda
  • 03-03-2017
  • Mathematics
Answered

Clara invests $5,000 in an account that pays 6.25% interest per year. After how many years will her investment be worth $10,000?


11.4 yr

14.1 yr

12.6 yr

13.7 yr

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-03-2017

T=log(10000/5000)/log(1.0625)=11.4y

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