SOLUTION: How much time will be needed for $37,000 to grow to $38,122.55 if deposited at 3% compounded quarterly​? ____ years ​(Do not round until the final answer. Then round to the n

Algebra ->  Equations -> SOLUTION: How much time will be needed for $37,000 to grow to $38,122.55 if deposited at 3% compounded quarterly​? ____ years ​(Do not round until the final answer. Then round to the n      Log On


   



Question 1193734: How much time will be needed for $37,000 to grow to $38,122.55 if deposited at 3% compounded quarterly​?
____ years
​(Do not round until the final answer. Then round to the nearest tenth as​ needed.)

Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!






Take the log of both sides:








You can do your own arithmetic.

John

My calculator said it, I believe it, that settles it

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