theweteffect theweteffect

04-04-2017
Mathematics

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Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for it to grow 2,147.11?

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sweeneyrobert67 sweeneyrobert67

04-04-2017

4.79 Months, each month he gains 135 dollars so I subtracted the difference then divided by 135

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b = b= 9 + 1 3 q a 9+ 3 1 qa