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Mathematics, 07.05.2020 00:10 kyriebarnes143
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: V(t)= P 1-
t = years since initial deposit
n = number of times compounded per year
r= annual interest rate (as a decimal)
P = initial (principal) investment
VO) = value of investment after t years
2 years
9 years
18 years
36 years
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Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. After t yea...
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