Lemma
MediumMoney & interest
AQuA-RAT train #61312 · Arithmetic · Money & interest

A certain investment grows at an annual interest rate of 8%, compounded…

A certain investment grows at an annual interest rate of 8%, compounded quarterly. Which of the following equations can be solved to find the number of years, x, that it would take for the investment to increase by a factor of 16?

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AQuA-RAT — Algebra Question Answering with Rationales (Ling et al., DeepMind, 2017) · train #61312

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