Use the formula A = Pnt to solve.$2500 is invested at 4% compounded quarterly. In how many years will the account have grown to $12,500? Round to the nearest tenth of a year.

A. 30.1 yr
B. 41.0 yr
C. 1.5 yr
D. 40.4 yr


Answer: D

Mathematics

You might also like to view...

Solve the problem.If  is a convergent series of nonnegative terms, what can be said about , where k is a positive integer?

A. Always converges B. May converge or diverge C. Always diverges

Mathematics

One of the values r (radius), d (diameter), C (circumference), or A (area) is given for a particular circle. Find the indicated value. Leave ? in your answer.C = 100? ft; d = ?

A. 200 ft B. 100 ft C. 200? ft D. 50 ft

Mathematics

Solve the system of equations by the substitution method. If the system does not have a single ordered pair as a solution, state whether the system is inconsistent or dependent. x - 2y = -1-3x - 1y = 3

A. (-1, 0) B. No solution; inconsistent C. (0, -1) D. (1, -1)

Mathematics

Find the requested value.Find f(-7) forf(x) = 

A. 28 B. -10 C. 4 D. -28

Mathematics