A man invests $3000 in an account that pays 6.5% interest per year, compounded q

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

(a) Find the amount after 2 years? (Round your answer to the nearest cent.)

 

(b) How long will it take for the investment to double? (Round your answer to two decimal places.)
 yr
Apr 14th, 2015

a)3412.92..............

b) 10 years and 5 months...........................

Apr 14th, 2015

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