# Algebra

posted by .

How long will it take \$7,000 invested at 5.5% compounded daily to grow to \$14,000? Round your answer to the nearest tenth of a year.

## Similar Questions

1. ### Algebra

Please Help. How long, to the nearest tenth of a year, will it take \$12,500 to grow to \$20,000 at 6.5% annual interest compounded quartely?
2. ### Math

If \$ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to \$ 5000 at 3%?
3. ### algebra II

\$9000 is invested at 8% compounded quarterly. In how many years will the account have 20) grown to \$11,000?
4. ### algebra 2

\$9000 is invested at 8% compounded quarterly. In how many years will the account have 20) grown to \$11,000?
5. ### Business Calc

Determine when, to the nearest year, \$3,000 invested at 5% per year, compounded daily, will be worth \$10,000.
6. ### math

compounded- what would be the amount of compound interest on \$12,000 invested for one year at 6%, compounded quarterly?
7. ### College Algebra

20. Growth of an Account If Russ (see Exercise 19) chooses the plan with continuous compounding, how long will it take for his \$60,000 to grow to \$80,000?
8. ### Algebra ASAP

Suppose that \$17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after …
9. ### Business math

how long will it take 2,000 to grow to 3,000 if the interest rate used is 6% compounded semi-annually?
10. ### Math

Zoey has invested \$30 000 in a registered education savings plan (RESP). She wants her investment to grow to at least \$50 000, so that her newborn can go to university at age 18. What interest rate, compounded annually, will result …

More Similar Questions

Post a New Question