janayramarrero janayramarrero

11-06-2021
Mathematics

contestada

You deposit $900
into a bank account
with 5% annual
interest that
compounds
quarterly. How long
will it take the
balance of the
account to double

Respuesta :

clubpenguin694521 clubpenguin694521

11-06-2021

Answer:40 years

Step-by-step explanation:

First you get 1% which is 9$ then you times it by 5 and get 45 multiply it by 20 you get 900 but since you want to double it then double the answer which is 40

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