sofiahierrolope sofiahierrolope
  • 11-10-2017
  • Mathematics
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Henry invest 4500 at a compound interest rate of 5% per annum. At the end of n complete years the investment has grown to 5469.78. Find the value of n

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zrh2sfo zrh2sfo
  • 11-10-2017
4500 x 1.05^n = 5469.78 Solve for n
n≈4.00001 
n=4
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