Compute the compound interest.How long will it take for $8400 to grow to $20,100 at an interest rate of 9.9% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

A. 24.47 yr
B. 8.92 yr
C. 9.24 yr
D. 35.69 yr


Answer: B

Mathematics

You might also like to view...

Fill in the blank with one of the words listed below.A set of ordered pairs is called a(n) .

A. function B. range C. domain D. relation

Mathematics

Graph the circle.x2 + y2 = 9

A.

B.

C.

D.

Mathematics

A solution has a hydrogen ion concentration of [H+] = 3.1 × 10^–2.

Is the solution acidic or basic? A) Acidic B) Basic

Mathematics

Provide an appropriate response.Are the two expressions equivalent? Give numerical values for x and y to back up your answer.  (x + y)5 ; x5 + y5

What will be an ideal response?

Mathematics