A man invests $3000 in an account that pays 7.5% interest

Last updated: 7/14/2022

A man invests $3000 in an account that pays 7.5% interest per year, compounded quarterly. (a) Find the amount after 3 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.)