MathCastle
PrecalculusHardExponential and Logarithmic Functions

Exponential and Logarithmic Functions · Hard problem

How long will $3000 take to grow to $8000 at 4.5%4.5\% compounded quarterly? Use A=P(1+rn)ntA=P\left(1+\tfrac rn\right)^{nt} and round to two decimals.