Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. if p dollars is invested in an account that earns

If P dollars is invested in an account that earns interest at 7% compounded annually,...

80.2K

Verified Solution

Question

Basic Math

image

If P dollars is invested in an account that earns interest at 7% compounded annually, the amount available after t years is A = P(1 +0.07). How many years will it take for $1500 in this account to grow to $3000?It will take approximately years for $1500 in this account to grow to $3000.(Round to the nearest whole year.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

here for instructional material to complete this problem Graph the equation by plotting points y...

Finance
1.2K views

1. What are the potential shortfalls of using comparable to value a private company? 2. How does...

Accounting
1.2K views

Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All...

Biology
1.2K views

Listen How do the microvilli on the absorptive epithelia of the small intestine enhance nutrient...

Geometry
1.2K views

Find the value of t that makes quadrilateral EFGH a parallelogram G 7t 1 10t...

Basic Math
1.2K views

Question 7 1 point As soon as you create a view SQL processes the query...

Calculus
1.2K views

S Solve the equation 16 2t 2 Select the correct choice below QA There is...

Calculus
1.2K views

x 5 x 12 Consider the graph of the function f x x 3 x...

Algebra
1.2K views

2 Evaluate the function g n 3 2n Find g 8 60 06 O 24...

Accounting
1.2K views

A young man is the beneficiary of a trust fund established for him 25 years...

Finance
1.2K views

Assume that one year ago you bought 100 shares of a mutual fund for $33.40...

Accounting
1.2K views

A pump is needed for 10 years at a remote location. The pump can be...