question archive Use the formula for compound interest, a=P(1+i)^n, to determine how many years it will take for an investment of 10,000$ to triple if the interest rate is 7% per year,compounded quarterly
Use the formula for compound interest, a=P(1+i)^n, to determine how many years it will take for an investment of 10,000$ to triple if the interest rate is 7% per year,compounded quarterly
Subject:MathPrice: Bought3
Use the formula for compound interest, a=P(1+i)^n, to determine how
many years it will take for an investment of 10,000$ to triple if the interest rate is 7% per year,compounded quarterly. [Hint : This is a YEARLY interest rate that is compounded QUARTERLY. Search "interest calculator online to check answer]
