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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.
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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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