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Mathematics, 12.12.2019 23:31 kingcory6230

Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. after t years, jacques has $3,875.79 in the account. assuming he made no additional deposits or withdrawals, how long was the money in the account?

compound interest formula: mc007-1.jpg

t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
p = initial (principal) investment
v(t) = value of investment after t years

2 years
9 years
18 years
36 years

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Answers: 2

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