Business Studies, asked by hetvi1281, 10 months ago

3 . How many years will it take for $ 136 , 000 to grow to be $ 468 , 000 if it is invested in an account with an annual interest rate of 8 % ?

Answers

Answered by Lucy0001

13

Answer:

P=$136000

A=468000

r=8%

n=?

A=P(1 + r/100) ^n

468000=136000(1 + 8/100) ^n

468/136=(108/100)^n

.. use calculator... I can't root it lol

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