Mariah is putting $5,270 into an account earning 3.75% interest compounded quarterly.
She estimates that it will take just over 9 years for this investment to grow to $8,000. Which of the
following is a true statement?a.Mariah’s estimate of the time is too
low.b.Mariah’s
estimate of the time is correct.c.Mariah’s estimate of the time is too
high.d.Mariah does not have enough information to estimate the
time.