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300(1+(.06/n))^n*10

 Oct 20, 2014

Best Answer 

 #1
avatar+23254 
+5

This looks like a compound interest problem, where $300 is invested for 10 years at 16% interest and you are supposed to find the number of times per year that it is compounded.

If you tell us the final amount, we can help you find the value of n.

 Oct 20, 2014
 #1
avatar+23254 
+5
Best Answer

This looks like a compound interest problem, where $300 is invested for 10 years at 16% interest and you are supposed to find the number of times per year that it is compounded.

If you tell us the final amount, we can help you find the value of n.

geno3141 Oct 20, 2014

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