caryscarpenter24161 caryscarpenter24161

27-12-2020
Mathematics

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What is the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate of 7.5 percent per year, compounded quarterly.

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tanishsharma8642 tanishsharma8642

27-12-2020

Answer:

see explanation

Step-by-step explanation:

by using formulla :- I= p×t×r/100

7200 =5000×t×7.5/100

7200 =375×t

375t = 7200

t = 19.2

hope it will help you

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