Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate of 7.5 percent per year, compounded quarterly.

Your answer is t =
years.

You may enter the exact value or round to 2 decimal places.

1.60 (rounded)

Step-by-step explanation:

I haven't done this in a while but you'd use the compound interest formula a=p(1+r)^n where a=8300 p=5000 r=0.075 and solve for n

-362

step-by-step explanation:

(12)(4)+2(12)-34(12)+2(12)-3

  \/         \/         \/         \/

  48 +   24 -   408 + 24 - 3

      \   /               \   /

          72     -     432 - 3 = -363