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
Answers: 2
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Jacques deposited $1,900 into an account that earns 4% interest compounded semiannually. after t yea...
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