Free Practice Question
PS · Problem Solving
705-805
percent
Lucy deposited $62500 in an investment fund that provided 16 percent annual return compounded quarterly. If she made no other transactions with the fund, in how much time, in months, did her investment earn a total interest of $5100?
Answer Choices
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0.5
B
2
C
3
D
6
E
6.1
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Difficulty
705-805
Type
PS
Category