Use the formula A=P(1+r/n)ⁿt to solve the compound interest problem
Find how long it takes a $ 1700 investment to earn $ 500 interest if it is invested at 2 % interest compounded quarterly
$ 500 interest will be earned in approximately years. (Round to the nearest tenth.)

Question

03-12-2022
Mathematics

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Use the formula A=P(1+r/n)ⁿt to solve the compound interest problem
Find how long it takes a $ 1700 investment to earn $ 500 interest if it is invested at 2 % interest compounded quarterly
$ 500 interest will be earned in approximately years. (Round to the nearest tenth.)

Sagot :

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