Solve the problem.How long will it take for $6100 to grow to $7600 at an interest rate of 12.4% if the interest is compounded quarterly? Round the number of years to the nearest hundredth.

A. 1.80 yr
B. 10.20 yr
C. 1.88 yr
D. 7.20 yr


Answer: A

Mathematics

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A. conservative B. not conservative

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What will be an ideal response?

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A. r(cos ? + sin ?) = 5 B. r = 5 C. r = 25 D. r(cos ? + sin ?) = 25

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Solve the problem.Maria invested $5000 at 9% compounded annually. How much will be in the account after 4 years? Round to the nearest cent.

A. $5151.70 B. $7057.91 C. $5003.36 D. $2057.91

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