How long was the money left in account

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Reference no: EM13793425

1. Bill Dunn made an investment on July1, 2007 which earned $9,000 and 12% return on July 1, 2008. How much did Bill invest?? Answer should be 75,000

2. Leshonda wins 12,000 in the Georgia Lottery and invests the money in an account that earns 10% interest compound semi annually. If it grows to 38,700 how long was the money left in account?? Answer should be 12 years.

Reference no: EM13793425

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