Question

How long will it take for 5000 to amount to 7000 if it is invested at 8% compounded
quarterly ?​

Answer 1

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPAL= 5000

AMOUNT= 7000

RATE=8%

SO,

LET THE TIME BE x

SO,

A.T.Q.,

A=P(1+R/100)

JAI SHREE RAM