SOLUTION: $1500 was invested at 8% compounded quarterly. Will it grow to $2000 in 4 years?

Question 357608: $1500 was invested at 8% compounded quarterly. Will it grow to $2000 in 4 years?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
the formula for the perimeter of a rectangle is p=2l+2w where l is the length and w is the width.
a rectangle has a perimeter of 24 inches.
find its dimensions if its length is three inches greater than its width
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Let width = w
The length = x+3
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P = 2(L+W)
24 = 2(w+3+w)
12 = 2w+3
2w = 9
w = 4.5 inches (width)
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length = 4.5+3 = 7.5 inches (length)
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Cheers,
Stan H.
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