Sarah invested $1000 in an account paying 5.5% interest compounded semi-annually. How long will it take for the account balance to reach $10,450?

it will take 43.25 years

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

Where

A = total amount in the account at the end of t years

r represents the interest rate.

n represents the periodic interval at which it was compounded.

P represents the principal or initial amount deposited

From the information given,

P = $1000

A = $10450

r = 5.5% = 5.5/100 = 0.055

n = 2 because it was compounded 2 times in a year.

Therefore,.

10450 = 1000(1 + 0.055/2)^2 × t

10450/1000 = (1 + 0.0275)^2t

10.45 = (1.0275)^2t

Taking log of both sides, it becomes

Log 10.45 = 2t log 1.0275

1.019 = 2t × 0.01178 = 0.02356t

t = 1.019/0.02356

t = 43.25 years

step-by-step explanation:

this woman was an important writer and propagandist during the american revolution. she was a member of the committee of correspondence (in fact the committee was formed in her home) and was an advisor to many of the revolutionary leaders, including george washington and john adams. who was this revolutionary woman?