8000$ is invested in an account the yields 6% interest per year. After how many years will the account worth 13709.60$ if the interest is compounded monthly?

After 9 years the account will be worth 13709.60$

Step-by-step explanation:

We are given the following in the question:

We are given the following in the question:

P = $8000

r = 6% = 0.046

n = 12

The compound interest is given by:

where A is the amount, p is the principal, r is the interest rate, t is the time in years.

Putting the values, we get,

Thus, after 9 years the account will be worth 13709.60$

It will take 9 years to get the account worth $13709.60

Step-by-step explanation:

Since we have given that

Sum = $8000

Rate of interest = 6%

Amount = $13709.60

According to question, we get that

Hence, it will take 9 years to get the account worth $13709.60

8121 because

130,000 divided by 16 is 8121

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.