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Mathematics 10 Online
OpenStudy (anonymous):

If $6,000 is placed in an account with an annual interest rate of 6%, how long will it take the amount to quadruple if the interest is compounded annually? Round your answer to two decimal places.

OpenStudy (anonymous):

You are starting with a balance of $6,000 and you want to find when that amount is going to quadruple so 6000 * 4 = 24000 for your A value and plug that into the formula to solve for t

OpenStudy (anonymous):

24000 = (1 + .06)^t

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