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John needs $10,000 to buy a used car. How long does it take for his investment of $5,000 to reach $10,000 in value if it is invested at 8% compounded weekly? Round your answer to the nearest year.

Sagot :

triceracop0500

Answer: It would take 13 weeks

Step-by-step explanation: if he is putting in an investment of $5000 and he is trying to reach $10000 here is what you do.

Find out what 8% of 5000 is, which is 400.

Multiply that by 13, which is 5200.

Add that together and boom.

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