Compute the compound interest.How long will it take for $9400 to grow to $24,000 at an interest rate of 10.1% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.
A. 37.59 yr
B. 25.6 yr
C. 9.74 yr
D. 9.4 yr
Answer: D
You might also like to view...
Find or investigate the function as requested.The set of ordered pairs is a function. Find a rule that could describe the function.{(2, 8), (3, 27), (5, 125), (7, 343)}
A. Double the input number. B. Square the input number. C. Cube the input number. D. Multiply the input number by 3.
Find the slope of the line.
A. -6 B. 6 C. -1 D. 1
Find the probability.The table lists the eight possible blood types. Also given is the percent of the U.S. population having that type.
Let E be the event that a randomly selected person in the U. S. has type B blood. Let F be the event that a randomly selected person in the U. S. has RH-positive blood.Find P(F|E).
A. 0.818 B. 0.340 C. 0.720 D. 0.107
Solve the problem.Suppose the algae growth in Black Oak Lake increased from 100,000 cells per milliliter to approximately 10,000,000 cells per milliliter in a 
period. The specific growth 
is defined by 
where N1 is the algae concentration at time x1 and N2 is the algae concentration at time x2. In this situation, what is the specific growth rate of algae? Round your results to the nearest hundredth.
A. -1,414,285.71 B. -0.29 C. 1,414,285.71 D. 0.29